Texas  |  Real Estate Law

Legal Question

Asked on: 8/31/13, 7:38 am

I did an owner finance loan on a mobile home and land. I want to transfer the deed and title to the new owner and I took out so much a month for property taxes. I want to give the owner a payoff that is around $600 short of what he owes me and I am wondering if I can tell the new owner to pay the property taxes of around $800. Would that be legal?

1 Answer

Answered on: 8/31/13, 6:37 pm by David Leon

If you all agree, then yes, you can do that. You would be wise to involve a law office or title company, to ensure it's one correctly.

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David L. Leon, P.C. 3500 Oak Lawn Ave., Ste. 205 Dallas, TX 75219

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