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Texas Sellers Disclosure Notice
I am taking my Texas CE requirement and came across this portion of Legal 1. Here is a list of conditions when a sellers disclosure notice is not required in the state of Texas:
The Texas Property Code disclosure requirements are applicable to the sale of a property comprising not more than one dwelling unit, but do not apply to:
a transfer pursuant to a court order or foreclosure sale;
by a trustee in bankruptcy;
to or by a mortgage or beneficiary under a deed of trust or pursuant to a court ordered foreclosure or acquisition by a deed in lieu of foreclosure;
by a fiduciary in the administration of a decedent's estate, guardianship, conservatorship, or trust;
from one co-owner to one or more co-owners;
made to a spouse or to a person or persons in the lineal line of consanguinity of one or more of the transferors;
between spouses resulting from a decree of dissolution of marriage or legal separation or from any governmental entity;
transfers of new residences of not more than one dwelling unit which have not been previously occupied for residential purposes;
or transfers where the value of any dwelling does not exceed 5% of the value of the property.
About Me: I am a native San Antonian. I have enjoyed this city and it's friendly community. Living here all my life, I know this city well. I look forward to helping others find their real estate ne....
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