Real Estate

• Author: Cindy Stormer
• Pages: 1457-1562

16−1

REAL

ESTATE

CHAPTER 16

REAL ESTATE

I. General Points

§16:01 The Initial Client Intake

§16:02 The Texas Property Code

§16:03 Documents Should Show Marital Designation

§16:04 Filing Real Estate Documents

§16:05 Distinction Between Void and Voidable

§16:06 Real Estate Documents Must Be in Writing

§16:07 Parol Evidence

II. Real Estate Documents

A. Frequently Used Documents

§16:10 Warranty Deed

§16:11 General Warranty v. Special Warranty

§16:12 Deed of Trust

§16:13 Deed of Trust to Secure Assumption

§16:14 Warranty Deed With a Vendor’s Lien

§16:15 Real Estate Lien Note

§16:16 Quitclaim Deed

§16:17 Assumption Warranty Deed

§16:18 Warranty Deed in Lieu of Foreclosure

B. Other Documents

§16:20 Special Deeds

§16:21 Homestead; Non-Homestead Affidavits

§16:22 Temporary Lease

§16:23 Removal of Mechanics Lien

§16:24 Easements

§16:25 Contract for Deed

§16:26 Transfer on Death Deed

§16:27 Trusts

III. Trespass to Try Title

§16:30 Definition and Authority

§16:31 The Petition

§16:32 The Answer and Demand for Abstract of Title

§16:33 The Judgment

IV. Foreclosures

§16:40 Parties and Settlement

TEXAS SMALL-FIRM PRACTICE TOOLS 16−2

REAL

ESTATE

§16:41 Non-Judicial Foreclosure

§16:42 Judicial Foreclosures

§16:43 Public Sale Procedure

§16:44 Sheriff’s Sale

§16:45 Market Value at the Time of Foreclosure

V. Adverse Possession

A. General Points

§16:50 Definition

§16:51 Elements and the Petition

§16:52 Actions Barred for Land Dedicated to Public Use

§16:53 Burden of Proof on Adverse Possessor

B. Statute of Limitations Periods

§16:60 Four Different Statutory Periods

§16:61 Three-Year Limitations Period

§16:62 Five-Year Limitations Period

§16:63 Ten-Year Limitations Period

§16:64 Twenty-Five-Year Limitations Period

§16:65 Two-Year Limitation Period

VI. Real Estate Closings

§16:70 The Earnest Money Contract and Sales Contract

§16:71 Order the Title Policy

§16:72 Preparing the Title Opinion

§16:73 After the Title Has Been Examined

§16:74 Determine the Property Taxes

§16:75 Obtain the Payoff Amount Owed to the Mortgagee

§16:76 The Settlement Statement

§16:77 At the Closing

§16:78 After the Closing

§16:79 After Funding

§16:80 Send the Documents

VII. Special Real Estate Issues

§16:90 First Right of Refusal

§16:91 Discrimination Prohibited

§16:92 Undisclosed Conditions

§16:93 Partition Suit

§16:94 Surface Minerals

§16:95 Discrimination in Housing

§16:96 Reverse Mortgages

§16:97 Researching the Property

§16:98 Advising the Residential Mineral Lessor

§16:99 Tax Protests

§16:100 Attorney’s Fees and Costs

§16:101 Restrictive Covenants

§16:102 Failure to Transfer Good Title

§16:103 Correction Deeds

§16:104 Recording a Will to serve as a Deed (including from another state or country)

16−3 REAL ESTATE

REAL

ESTATE

Forms

Form 16:10 Real Estate Intake

Form 16:20 Earnest Money Contract

Form 16:30 Warranty Deed

Form 16:40 Warranty Deed with Vendor’s Lien

Form 16:50 Acknowledgment of Status of Title

Form 16:60 Assumption Warranty Deed

Form 16:70 Deed in Lieu of Foreclosure

Form 16:80 Affidavit Claiming Lien

Form 16:90 Foreclosure Notice Letter

Form 16:100 Notice of Substitute Trustee’s Sale

Form 16:110 Foreclosure Mortgage Letter

Form 16:120 Foreclosure Posting Affidavit

Form 16:130 Foreclosure Citation by Posting

Form 16:140 Foreclosure Sale Transcript

Form 16:150 Foreclosure Deed

Form 16:16 0 Foreclosure Affidavit

Form 16:170 Foreclosure Sale Letter

Form 16:180 Judicial Foreclosure Notice Letter

Form 16:190 Notice of Lis Pendens

Form 16:200 Judicial Foreclosure Intake

Form 16:210 Foreclosure Procedures

Form 16:220 Judicial Foreclosure Petition

Form 16:230 Judicial Foreclosure Default

Form 16:240 Judicial Foreclosure Order of Sale

Form 16:250 Certificate of Appraisal Value

Form 16:260 Sheriff’s Notice Letter

Form 16:270 Notice of Sheriff’s Sale

Form 16:280 Sheriff’s Deed

Form 16:290 Adverse Possession Petition

Form 16:300 Adverse Possession Order

Form 16:310 Statement of Evidence—Adverse Possession

Form 16:320 Adverse Possession Script

Form 16:330 Sales Contract

Form 16:340 Letter to Title Company

Form 16:350 Settlement Statement

Form 16:360 Settlement Statement Procedures

Form 16:370 1099-S Affidavit

Form 16:380 Release of Lien

Form 16:390 Disclosure Notice

Form 16:400 Affidavit as to Debts and Liens

Form 16:410 Environmental Inspection Easement

Form 16:420 Federal Truth in Lending Disclosure Statement

Form 16:430 Homestead Affidavit

Form 16:440 Non-Homestead Affidavit

Form 16:450 Distribution Deed

Form 16:460 Deed Without Warranty

Form 16:470 Guardian’s Deed

Form 16:480 Seller’s Temporary Residential Lease

Form 16:490 Affidavit of Completion and Indemnity

Form 16:500 Abandonment of Easement

Form 16:510 Forfeiture Affidavit

Form 16:511 Transfer on Death Deed

Form 16:520 Appointment of Substitute Trustee