The Law Office of Ramon Vega III, PLLC can help you with your real estate transaction
I cannot stress enough the importance of obtaining legal advice when dealing with a real estate transaction. For some, real estate could mean purchasing a home. For others, it may be purchasing their first investment property. Whatever the case may be, the purchase of real estate is probably the highest expenditure of money one will make in their lifetime. Whatever purchase you are going to make, you should try to minimize, or remove, the risk of something going wrong during this process. And I could not stress this enough, but you should NEVER sign a document if you do not know what you are signing.
If you are considering undertaking a real estate transaction, The Law Office of Ramon Vega III, PLLC can help you navigate your way through the entire process.
- Purchase/Sale – Assist clients in the purchase or sale of Texas residential and commercial real estate transactions.
- Representation – Represent buyers, sellers, landlords, contractors, lenders and investors.
- Knowledge – Knowing how the process works before you enter into a transaction will probably save you money. It is very important to talk to an attorney before you talk to the buyer, seller, lender, landlord, investor, or contractor.
- Consultations – If all you want/need is a consultation, The Law Office of Ramon Vega III, PLLC provides consultations regarding questions a buyer, seller, lender, landlord, investor, or contractor may have regarding a real estate transaction. It’s always better to consult before you enter into a transaction, but it certainly never hurts to know what your rights or responsibilities are once you signed a contract.
- Buying Property – Assist clients throughout the buying process, which includes, preparation and/or review of the sales contract, recommend changes to the sales contract, highly recommending the purchase of a title/tax policy to insure title is clear and taxes have been paid, reviewing and making changes to the title commitment if necessary, reviewing and discussing with client the closing documents. Once again, NEVER sign something if you do not know what you are signing (especially when there are thousands of dollars at stake). When representing a buyer, the preparation of the sales contract will differ than when representing the seller.
- Selling Property – Assist clients throughout the selling process, which includes, preparation and/or review of the sales contract, recommend changes to the sales contract, review and recommend changes to the title commitment, and review and discuss the closing documents. As mentioned before, NEVER sign something if you do not know what you are signing (especially when there are thousands of dollars at stake). When representing a seller, the preparation of the sales contract will differ than when representing the buyer.
- Building a Home – Discuss the home building process with the client, which includes obtaining a home loan, choosing the right contractor, signing a construction contract that is beneficial to the homeowner (and not just the builder), making sure the builder pays the subcontractors, what happens if the builder does not finish on time, what happens if no work is being done on a daily basis, etc.
- Document preparation – Prepare documents as part of the representation if that is all that is needed. This may include the sales/purchase contract, deed, promissory note, deed of trust, release of lien, affidavits, assignment of contract, etc.
- Broker/Lawyer – Combined broker/lawyer representation in the real estate transaction
- Closings – Perform closings from beginning to end, from a cash deal to an assumption, to an owner finance transaction.
- Wrap-around or Contract for Deed – If you still decide to do it or have already done it, The Law Office of Ramon Vega III, PLLC can help in advising you about them and the dangers of entering into these types of transactions and minimizing the risks or consequences of doing so.
- Clearing Title – Help clients clear title to their property. This is done so an owner can sell or obtain a loan on their property, or simply to remove an encumbrance an owner knows should not be there. Clearing title can be as simple as filing an affidavit, recording a release of lien, or preparing and filing an affidavit of heirship to show the heirs of a deceased property. Clearing title can also be more costly and time-consuming by having to file a lawsuit to determine the rightful owners or have the court determine the correct boundaries of a property.
- Loaning Money – Before you lend money, The Law Office of Ramon Vega III, PLLC can prepare the loan documents you need for your particular transaction whether it be a secured or an unsecured loan.
- Leases – Assist clients with the review and/or drafting of a residential or commercial lease. If you have questions regarding your current lease, you can set up a consultation to have your questions answered.f
List of Services
Affidavit of Heirship
Affidavit of Homestead
Affidavit of Identity
Assignment of Note & Contract
Assumption Deed of Trust
Buying or Selling Real Estate Notes
Buying or Selling a Business
Closings – Residential & Commercial
Construction Closing Certificate & Affidavit
Contract for Deeds
Contracts – Residential & Commercial
Corporate Documents – Certificate of Formation, General Partnership Agreements, Company Agreements for LLC’s, Limited Partnership Agreements
Contractors Disclosure Statement for Residential Construction
Contractor’s Lien – Mechanics Lien Note & Mechanic’s Lien Contract
Deeds – Assumption, Quitclaim, Special, Warranty, Deeds with No Warranty & Deed in
Lieu of Foreclosure
Deed of Trust – Second Lien Deed of Trust
Foreclosures (and Deed in Lieu of Foreclosure)
Homestead Protections in Texas
Liens – Valid and Invalid liens
Mechanic’s Lien Contract
Mechanics Lien Note
Owner Finance Documents
Promissory Notes – Balloon & Straight Payout; Secured & Unsecured
Release of Lien
Rent to Own
Transfer of Property Documents
Wills – Last Will & Testament
Frequently Asked Questions
The following are frequently asked questions that clients encounter with their real estate transactions. However, being that no two people or transactions are the same, transactions usually have their own different and specific facts attached to them, so it is always best to call to determine what is the best course of action to take in your case.
What is the process of buying/selling a home?
What are the closing costs involved in a purchase/sale and who is responsible to pay them?
What are my rights/responsibilities if I sign the contract?
Does it matter if I buy investment property under my name?
What happens if I, or the opposing side, back out of the contract?
If the contract is canceled, who keeps the earnest money?
Can I use the earnest money before we close?
Should I give the seller the earnest money without signing a contract?
Is it ok if I give the seller non-refundable earnest money?
I, the buyer, showed up to the closing and the seller didn’t show up. What can I do?
What is title insurance? Do I need title insurance?
What does As-Is mean?
How can I back out of a contract legally if decide I don’t want to buy it anymore?
I purchased a home and I find out it has a lot of problems I did not know about. Can I do something about it now after I closed?
Am I protected if I sell by owner financing? Am I protected if buy through owner finance?
Can I sell my property if I still owe the bank?
Can I give the buyer the title after he/she pays me in full?
Should I buy a property if the seller does not give me title until I pay him/her off?
Since it is my property, I can get a loan from a tax loan company to pay my taxes, right?
What can I do if I am late on my payments?
The lender is foreclosing. What do I do?
Am I guaranteed to get my money back if I loan money to someone?
I have a judgment. That means I can collect everything I am owed, right?
Can I lose my home if I am sued?
I am having an extremely hard time with my builder. What can I do?
My builder didn’t pay the subcontractors with the draws he was getting from the bank. Now the subcontractors filed liens against my home. What can I do?
I did repairs for a client to his home and they did not pay me. What can I do to collect?
I purchased a property only to find out later there was an easement running through my property. What can I do?
I purchased a property only to find out I purchased less than what I thought I was buying. What can I do?
My parents passed away many years ago. Can I sell their home?
My parents passed away many years ago. I have 8 siblings but my parents had said I could keep the house. The house is mine, right?
I can’t make my loan payments anymore. What can I do?
I was sent a letter from my lender’s attorney. Should I just ignore it?
Can I stop the foreclosure if my property is about to be foreclosed?
Can the lender sue me for any monies still owed if my property is foreclosed?
I just got served with a lawsuit. What do I do? What is the process now? How long will this take?
Should I sue someone? How long will the lawsuit take? How much will it cost? Am I going to win?