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    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.
    This Texas Warranty Deed with Vendor's Lien template is available as a downloadable and fully editable MS Word form.
    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 6000
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    Texas Deed of Trust


    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.
    This Texas Deed of Trust form is provided in MS Word format, and is fully editable to meet your needs.