Real Estate Law

Have real estate law questions? Ask a real estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

Texas Real estate: I am selling a home in Texas to a

Customer Question
Revocable Trust (RV), for cash...
Texas Real estate: I am selling a home in Texas to a Revocable Trust (RV), for cash. What are all the documents I would sign and get copies of? and would the name of the Trust or trustee be on the contract?
Submitted: 2 years ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 2 hours by:
2/18/2016
Real Estate Lawyer: KLAW, Arbitrator replied 2 years ago
KLAW
KLAW, Arbitrator
Category: Real Estate Law
Satisfied Customers: 2,483
Experience: I have over 20 years of experience in commercial real estate law, finance, consumer credit, landlord tenant, and business law.
Verified

Good morning. If you are selling your home you can sell it to a trust and the trust itself will be named in the deed as the buyer, as "XYZTrust".

At the settlement you will be given a copy of the deed, which transfers the property from the you to the buyer. seller to the buyer. The deed is given and filed with the county recorder of deeds to record.

You ou will also sign a real estate contract which transfers the property that is being sold along with the house, and other items in the house such as furnaces, air conditioners, appliances, light fixtures, window treatments, security systems, antenna, or cable or dish TV equipment, from the seller to the buyer. The document will typically list the property to be transferred, or refer to the contract that lists the personal property.

You will also sign a sellers affidavit. lt is a sworn, notarized statement by the you confirming ownership of the property and describing any known title defects such as leases, liens, or work on the property that could potentially create liens, boundary line disputes, or outstanding contracts for the sale of the property.

You will also sign tax transfer documents. In many states, counties, and municipal governments charge real property transfer taxes and require you the buyer and seller to sign declarations disclosing the purchase price and calculating the tax.

You will get copies of all of these at the settlement. I hope this helps with your question.

Ask Your Own Real Estate Law Question
Real Estate Lawyer: KLAW, Arbitrator replied 2 years ago

Anything else, just ask.

Ask Your Own Real Estate Law Question
Customer reply replied 2 years ago
Prior to the trust decided to pay cash, it was a 'financing' situation however, as the date neared for closing there where were a few items that needed to be addressed by the buyer.. so the closing date was pushed back twice. should the extension of loan closing date be included? and do I get copies of that also?
Real Estate Lawyer: KLAW, Arbitrator replied 2 years ago

Good evening. The extension of the loan and the outstanding items should be written out and a date for completion/extension of the closing date should be included in the correspondence.

Ask Your Own Real Estate Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a real estate lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask KLAW Your Own Question
KLAW
KLAW
KLAW, Arbitrator
Category: Real Estate Law
Satisfied Customers: 2,483
2,483 Satisfied Customers
Experience: I have over 20 years of experience in commercial real estate law, finance, consumer credit, landlord tenant, and business law.

KLAW is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Barrister

Barrister

Lawyer

12,142 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

8,377 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

8,253 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,208 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,998 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

Lawyer

3,572 satisfied customers

12+ yrs. of experience including real estate law.

< Previous | Next >

Related Real Estate Law Questions
I have inherited a home with a reverse mortgage. I have
I have inherited a home with a reverse mortgage. I have contacted the reverse mortgage company and ready to pay the debt. My brother is the sole successor of my mother's Revocable living trust, His la… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
5,336 satisfied customers
CA real estate sale closing after a death. My husband
CA real estate sale closing after a death .My husband inherited his aunts home after her passing based on her living trust . His mother is the executor of the trust and has rights to sell the home . T… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
My Wife and I are the owners of a property ( house) We have
My Wife and I are the owners of a property ( house) … read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
Texas Real estate Law: Regarding HUD-1 statement and CASH
Texas Real estate Law: Regarding HUD-1 statement and CASH deal, is it required by Texas Law to file & submit this document? My associate claims he went through the entire home sale process, however, h… read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
Richard, —- I am asking this last thing that follows in
Hi Richard, B—- I am asking this last thing that follows in a new question. It will be about how I serve notice about the revocation of the trust to the HOA attorney. When I filed bk I filed a request… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
Trust and real estate. I am buying a property cash under a
Trust and real estate. I am buying a property cash under a trust name. Does the trust document have to be stamped by the State to be legal, or is it enough for the trust document to be notarized. I ha… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
I set up a revocable living trust for my spouse and I, and
I set up a revocable living trust for my spouse and I, and am trying to transfer title of our mortgaged home to the trust. The home is in our names, and we wish to transfer it to us, as trustees of ou… read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
We had previously discussed purchasing a piece of property
We had previously discussed purchasing a piece of property in Texas, and I have been given a copy of both parent's death certificates, acceptance of appointment of duties as successor trustee of the p… read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
Here in Minnesota, my deceased 92yr old mother had a Revocable
Here in Minnesota, my deceased 92yr old mother had a Revocable Trust which was funded with bank accts, investments and her home, all were appropriately re-titled into the Trust. The home is the only r… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
My home is in a family trust. If the beneficiaries of the
My home is in a family trust. If the beneficiaries of the trust agree to give up their rights to the home; and deed it to me, can this be done .?… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,939 satisfied customers
I formed an LLC for the purposes of the real estate investing
I formed an LLC for the purposes of the real estate investing in rental properties. the LLC is owned by a joint Living Revocable Trust, meaning the sole member of the LLC is "John Doe and Jane Doe as … read more
FiveStarLaw
FiveStarLaw
Attorney
Doctoral Degree
477 satisfied customers
I changed the trust deed on my home a few years ago to put
I changed the trust deed on my home a few years ago to put it in the name of my Revocable Trust, instead of my own name. I did this after reading an article advising this, but have no idea if it was t… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
When I got divorced, I set up a revocable living trust to protect
When I got divorced, I set up a revocable living trust to protect my son. The deed to my home was changed so that is in the name of the revocable living trust. I am remarried and want to get the deed … read more
Dave Kennett
Dave Kennett
Doctoral Degree
25,741 satisfied customers
Can the creator of a land trust be the trustee? Can the trustee
Can the creator of a land trust be the trustee? Can the trustee be the beneficiary? can the truetee transfer the land to themself? Must the trustee provide the beneficary with a copy of the trust docu… read more
LawTalk
LawTalk
Attorney
Juris Doctor
6,208 satisfied customers
Im in the process of buying a house that is a trustee sell.
I'm in the process of buying a house that is a trustee sell. The parents of the seller died and the seller has several siblings. The seller is the eldest of the siblings and is selling the house as a … read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
I am in Florida. My parents have passed and all their assets
I am in Florida. My parents have passed and all their assets and home were titled in a revocable trust naming my brother, sister and I as trustees. We are to split the assets in the trust 4 ways among… read more
Dimitry Esquire
Dimitry Esquire
Attorney
Doctoral Degree
5,526 satisfied customers
My father just passed away. He had a will and a revocable trust
My father just passed away. He had a will and a revocable trust naming his three daughters. I am the named as the Personal Representative. One of his grandsons would like to buy his house. Can this be… read more
Dimitry Esquire
Dimitry Esquire
Attorney
Doctoral Degree
5,526 satisfied customers
I have my "estate" as a Revocable Living Trust. My daughter
I have my "estate" as a Revocable Living Trust. My daughter is the Successor Trustee of that Trust. My home title is in my name as Trustor of the property with the Trustee listed as the bank which hol… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x