Texas Release of Deed of Trust

Transfer ownership of a real estate property in Texas from a seller to a buyer with this Warranty Deed with Vendor's Lien.

Purpose of Deed

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.

Key Provisions

• The seller can assign its 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.
• The form can also be used to place a lien by a third party lender.

Format and Jurisdiction

The form is available in MS Word format and is easy to use. It is governed by Texas law and is intended to be used only in the State of Texas.

Discharge a vendor's lien against a real estate property in Texas with this Release of Lien form.

Purpose of the Release of Lien Form

The Release of Vendor's Lien form is used to release a vendor's lien against a real estate property after:

1. the purchaser of the property has paid the balance of the purchase price, and
2. the promissory notes securing the balance have been canceled by the vendor (seller).

How to File the Release of Lien

After the Release of Vendor's Lien form is completed and signed, it must be recorded with the County Recorder's Office by the seller (or the seller's agent).

Format and Jurisdiction

The document is available in MS Word format. It is intended to be used only in the State of Texas.

Transfer a Texas real estate property from a seller to a buyer with this easy-to-use General Warranty Deed form.

What is a general warranty deed?

A warranty deed is a legal document that transfers ownership of a real estate property from the seller to the buyer. A general warranty deed provides the buyer with the broadest protection of any form of title deed. 

Covenants of Seller (Grantor)

The seller (the grantor) gives the buyer (the grantee) the following covenants:

• that the grantor has good and marketable title to the property,
• that the grantor has the right and power to transfer the title to the grantee, and
• that the grantor will forever defend the grantee's right to possession of the property.

Format and Legal Jurisdiction

The Warranty Deed form is available as a downloadable legal document in MS Word format. It is intended to be used only in the State of Texas.

Transfer title of a Texas real estate property from a seller to a trustee with this Texas Deed of Trust form.

• A Deed of Trust can be substituted for a mortgage deed in the purchase of real estate property except for agricultural farm land.
• Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the borrower defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• The loan being secured by the Deed of Trust cannot be a home equity loan. The loan can be made to purchase property, to renew and extend an existing debt, or as a loan against non-homestead property.
• Available in MS Word format.
• Intended to be used only in the State of Texas.

If you are selling a real estate property and allowing the buyer to pay the purchase price over time, make sure the buyer signs this Purchase Money Promissory Note.

• Having a signed promissory note in place makes you a secured creditor if the buyer becomes bankrupt or insolvent.
• The buyer will pay off the balance of the purchase price in regular installments, rather than having to come up with all of the purchase money in order to close the sale.
• The Note contains an acceleration clause, meaning if the maker defaults in a payment, the entire balance together with interest becomes immediately due and payable.
• Get the Purchase Money Promissory Note signed at the same time that the other documents for the real estate purchase are executed by the buyer.