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Securing your option

This topic contains 3 replies, has 0 voices, and was last updated by Avatar of alfalogic alfalogic 15 years, 8 months ago.

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  • #35
    Avatar of alfalogic
    alfalogic
    Member

    Hi,

    Got my first option signed. Now, do I have to record “Memorandum of Agreement”? Also, I signed the option as an officer of a corp, do I record the memorandum the same way? Do I need to present my option to the county clerk office?

    Sorry for rambling and thanks for your responce.

    Aleks

    #6977
    Avatar of bill_gatten
    bill_gatten
    Participant

    Aleks, wanna know a secret?

    I never record my memorandums of option unless they are for a long term and the property is truly worth a lot of money and has a ton of equity.

    #6978
    Avatar of alfalogic
    alfalogic
    Member

    Thanks, Bill

    It actually makes perfect sense. Thanks for saving me time and aggravation.
    Aleks

    #6979
    Avatar of anonymous
    anonymous
    Member

    If you are dealing with a homeowner in Texas you would not find a judge that would enforce an option or contract if the seller/homeowner did not want to sell. That is the power of homestead here.

    #6980
    Avatar of sserio
    sserio
    Member

    Is that THE Bud Branstetter?

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