Amarillo Attorney or Title Company familar with FSBO Lease Options
I have been informed that FSBO Lease / Options w/o license may be illegal - attorney won't touch lease options. I know he is mis-informed but I cannot locate an attorney in the Amarillo, Texas area who is familiar with FSBO Pease Options. Any recommendations? Thank you.
Cecil Lee Russell
dba CLeeR Enterprises
Paging @John Jackson clean up in Texas Isle.
please tell me why you think he is misinformed?
@Cecil Russell I don't have an attorney in that area to refer you to.
As far as a title company we only use a title company when the T/B is ready for finance and then it's pretty straight forward.
A FSBO doesn't matter, it's just a straight LO.
The owner would have to of course have the contracts to be in line with Title 2 CH 5 TPC.
Mr. R. I was politely informed that the Lease Options "scam" as he put it, was only for get rich entrepreneurs using a quasi legitimate loophole in Texas law according to the way he understood real estate but, as a general practitioner of law in the injury aspect, he didn't know 100%. In any event he wouldn't consider a real estate transaction w/o a licensed real estate agent involved.
I told him about John Jackson and Ron LeGrand which may have caused some re-considerations on his opinion. To save myself the hassle, I just decided to look for another attorney. I know he is a good attorney in his field but real estate obviously isn't his field. Having knowledge of a local attorney familiar with non licensed real estate transactions is a plus whenever I get that first deal accomplished.
Cecil, did you ever find an attorney to help you with this deal?