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”
Category Archives: Real Estate
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”