Texas Warranty Deed with Vendor's Lien

Transfer ownership of a real estate property in Texas from a seller to a buyer with this Warranty Deed with Vendor's Lien (Vendor's Lien Reserved and Assigned to Third Party Lender).

• The Warranty Deed gives the seller (the vendor) a lien over the property under a promissory note signed by the buyer and held by the vendor.
• The vendor can assign the vendor's lien to a mortgage lender after the promissory note is paid out of the proceeds of a new mortgage.
• The lender, who holds the promissory note and deed of trust, will retain superior title to the property until the loan is paid by the buyer.
• Available in MS Word format.
• Intended to be used only in the State of Texas.