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Option Consideration

On December 31, 2004, the Texas Supreme Court issued its opinion in 1464 - Eight, Ltd. & Millis Management Corporation v. Joppich, a case that highlights the issue of enforceability of an option contract if the recited nominal consideration is not paid. Read Option Consideration to learn more.

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Seller Disclosure Issues

I receive a substantial number of questions about disclosure statements and inspection reports. As a framework for discussing some of the issues, let me give you a situation posed by an experienced Austin broker. Read Seller Disclosure Issues to learn more.

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Owner-Carried Second Liens

As interest rates increase, more buyers are looking at owner financing as a source of funds to purchase a home. Owner-Carried Second Liens focuses on transactions in which a seller of real estate is asked to carry a purchase money loan secured by a second lien against the property.

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Loan Fraud: You Can't Afford It

A little under a month before this article was written, several real estate professionals in Austin, including lawyers, lenders, real estate brokers and agents, were indicted for various criminal acts alleged to involve loan fraud. Read Loan Fraud: You Can't Afford It. 

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