Real estate is some of the most valuable assets that people in Houston own. Real estate often costs significant amounts of money to purchase and to maintain. People take their real estate very seriously. However, real estate, like many areas of life, is subject to disputes from time to time. Whether this dispute is between a property owner and a tenant, two neighbors or a property owner and a governmental agency, property owners have legal rights.
When people in Houston purchase property, they want to know that the property is completely theirs. The only way to ensure the property belongs only to them is to receive clear title on the property. However, properties in Houston can suffer from a variety of title issues that bring the person's ownership into question. When a property has title issues, real estate disputes can arise. If more than one party lays claim to a property, disputes over who really owns the property and how the property can be used might occur.
Real estate transactions are a complicated and lengthy process. Often there are many moving parts and many individuals involved in a real estate transaction. When problems arise, it can be difficult to know how to respond to the issue. It can also be difficult to determine who was responsible for causing the problem in the first place.
There are certain transactions that individuals only engage in a few times in their life. Real estate transactions fall into this category. Most individuals only buy or sell real estate a few times in their lifetime. In fact, some people never engage in a real estate transaction. Despite their infrequency in a person's life, real estate transactions are often extremely important and valuable transactions.
Very few individuals in Texas are able to purchase real estate property out right. Most people and businesses do not have the cash necessary to make such large purchases. Therefore, these parties turn to financing options in order to help pay for residential or commercial real estate. Without these financing options, many of these real estate transactions would not take place. It is, therefore, important for people to understand the basics of real estate financing. Without a mortgage lien, for example, many Texans would not own their property.