Transfer ownership of a real estate property from a seller to a buyer with this Warranty Deed with Vendor's Lien (Vendor's Lien Reserved and Assigned to Third Party Lender) for the State of Texas. This form of deed gives the seller (the vendor) a lien over the property under a promissory note signed by the buyer and held by the vendor, and provides for the assignment of the vendor's lien to a third party lender (mortgagee) after the promissory note is paid, typically out of the proceeds of a new mortgage. The lender, who holds the promissory note and deed of trust against the property, will retain superior title to the property until the loan is paid by the buyer.

This is a US real estate form, in MS Word format.