Contract for deed

[Eric Perez]

I was considering selling a property using a land contract or contract for deed. Not sure the correct term. I read somewhere that this was not legal in Texas. Can anyone confirm this?

[Chris Seveney]

Quote from @Eric Perez:

I was considering selling a property using a land contract or contract for deed. Not sure the correct term. I read somewhere that this was not legal in Texas. Can anyone confirm this?

Do not do a land contract in texas. Do a traditional financing note/deed of trust. In texas you can foreclose on a defaulted borrower in 90 days. No benefit at all to go away from a traditional lending scenario in TX.