We continue to have a lot of new and existing clients whose loved ones have died with real property interests in other state. They are often surprised when we advise them that in order to transfer title to those interests, they will need to file and go through that state's probate process. Typical out of state real property interests include vacation homes, beach condos, rental homes, ranches, farms, and mineral interests.
February 3, 2016
November 6, 2015
The Texas Deceptive Trade Practices Act or "DTPA" is a set of statutes designed to supplement traditional common-law causes of action. The DTPA seeks to punish false, misleading, or deceptive acts or practices in the conduct of any trade or practice. Because of the Act's liberal construction and attractive monetary remedies, it provides a powerful weapon to a broad range of plaintiffs.
Acquiring title insurance is an integral part of acquiring real property because it insures against financial loss from defects in title and is required by commercial lenders. However, the importance of properly evaluating the title commitment is often overlooked, perhaps because the information contained in the title commitment can be difficult to understand. Your title policy will be issued based upon the title commitment so you should understand all of the information contained in the title commitment. Your real estate agent and lender can assist you in limited amounts, but they are not a substitute for having a knowledgeable and experienced attorney review the title commitment, survey, and loan documents on your behalf.