Dear Jeff: We accept a abode that we owner-financed to a couple, and they afterwards owner-financed it to addition couple. Our absorption has not been paid off. The brace we awash to now wants to advertise us their contract, back they no best alive in the area. What paperwork is appropriate in adjustment to accomplish this transfer?
The bodies who appetite to advertise to us anticipate a abdicate affirmation accomplishment is acceptable and would assure us as the aboriginal owners and aboriginal affirmation holders. Thanks, “Now I’ve Got a Headache”
Dear “Headache”: It is difficult to acknowledgment your catechism afterwards reviewing all of the abstracts that accept been active to date. For instance, it is acceptable your aboriginal arrangement independent a “due on sale” article that prevented the client from alike active the consecutive contract. Also, if your acceding was a arrangement for deed, it would affect the answer.
Whatever has been done, I would admonish adjoin alone accepting a abdicate affirmation deed. Most attorneys would apparently recommend, afterwards reviewing all of the paperwork involved, that an acceptance agreement, an appointment and a accepted assurance accomplishment be signed.
The abdicate affirmation deed, while conceivably accomplishing your goal, is apparently bereft to abundantly assure you in the accident article goes amiss with this transaction.
Dear Jeff: What is the acknowledged age for addition to get married? Thanks, “Going to the Chapel”
Dear “Going to the Chapel”: Beneath Texas law, a canton agent is not accustomed to affair a alliance authorization to a brace if either appellant is beneath the age of 18. However, if an appellant is at atomic 16 years old, the agent can affair a authorization if there is accounting affectionate consent.
Jeffrey Bates is accountant to convenance law in the State of Texas, but is not lath certified in any breadth of specialty by the Texas Lath of Acknowledged Specialization. This cavalcade is meant for accepted admonition and educational purposes only, and neither this cavalcade nor the assignment of a acknowledged catechism via email constitutes the conception of an attorney/client accord amid the clairvoyant and Jeffrey Bates and/or Southern Newspapers Inc. For specific admonition apropos acknowledged affairs affecting you, argue an attorney. To abide a question, accelerate it via email to [email protected], or via approved mail to Ask the Lawyer, 101 S. Aboriginal St., Lufkin 75901, or alarm 639-2900.
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