Community Property

Texas is one of a handful of states that recognizes community property in marriage.  Property owned by married persons is either community property or separate property. A.      Definitions 1.         Separate Property consists of:  Property owned by a spouse before the marriage;  Property acquired by one spouse during the marriage by gift, devise, or descent; and. Proceeds recovered in a lawsuitContinue reading “Community Property”

Real Estate sales documents

Generally, a real estate sale begins with a contract and ends with a deed.  The deed fulfills the contract, and the contract is merged into the deed. A Real Estate Sales Contract 1.         Is negotiated between the parties. A buyer and seller negotiate about the purchase and sale of a piece of property.  They negotiate about what conditionsContinue reading “Real Estate sales documents”