Vendor Lien Deed Help

Secure property sales with proper lien protection.

In this video:

How to you set up a for sale by owner?
What is the recourse for not paying the lien?

Warranty Deed With Vendor’s Lien Services

A warranty deed is an agreement of ownership of a property. It is a guarantee the property is free and clear in title. A warranty deed with a vendor’s lien is a warranty deed with an encumbrance on the property (lien). This is a security for an unpaid debt of ownership. It is a form of security to the original owner. It is a type of assurance that the debt will be paid, or the lender can take legal action to claim rights to the property. Once the lien is paid; there is a release of the lien, and the warranty deed is still intact. It is a two-part process, a warranty deed and the vendor’s lien. Price: $300 (Click to setup an appointment).

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What is a Warranty Deed With Vendors Lien

A warranty deed can be used for any real property. It includes the property’s location, lot and block in Texas, any structures on the land, and the owners’ rights and interests related to the property. It also includes natural parts of the land such as mineral rights, and water rights, and encumbrances to the property. A warranty deed with vendor’s lien is one way to show a debt for the purchase of a property. If the debt goes unpaid, the recourse action for the original owner is easily proven in court. For this lien to be removed, the buyer has to pay off the lien. If the buyer does not pay, then there is recourse for the warranty deed to be revoked.

How Can You Use a Warranty Deed With Vendors Lien

Many times families will use warranty deeds. It is not uncommon for parents to use this type of deed to secure some income and give their child a great discount on their home. Warranty deeds are used when there is an inheritance, and four family members cannot own or share the property. The other family members can be bought out over time with this type of deed.

FAQ

Can I Sell My Home and Collect Only Half Now & Accept Payments?

Can I Sell My Home With a Mortgage Still Under My Name?

Why Do Deeds Say $10?

Deeds say, “for consideration” and have a dollar amount to make the contract valid. This procedure started in our country to show that there was something as a valid consideration in exchange for the document to take place. It is required to have validity in real estate contracts, as per law, it is a formality. One Dollar is the at-least nominal consideration, which is all that the law requires.

Can You Eliminate a Vendor's Lien?

The easiest way to remove a vendor’s lien is to pay it off. There are some liens that can be removed because of mis-classification and because of homestead law. Contact us to see if you are liens or judgments can be removed without payment. In order to get any lien removed from the public record, after meeting the requirements of the lien, a release must be subsequently filed. Without a formal release recorded in county records, the lien can still cloud the title.

View Other Types of Deed Transactions

Special Warranty Deed – Transfer Ownership

Quitclaim Deeds

Transfer on Death Deed (TODD)

Gift Deeds

Maas Law Firm, Texas Real Estate Attorney

We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call.

Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient.

What Our Clients Say

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