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Every assignment includes written disclosure that we hold an equitable interest in the contract and are not the owner of record, as required by Texas law.

Texas Disclosures

We are not a licensed real estate broker.

Monterey Property Solutions may enter into a purchase contract and assign its equitable interest in that contract to a third-party buyer for a fee, or may purchase, renovate, and resell the property itself.

In accordance with Texas Occupations Code §1101.0045, we provide written disclosure to sellers that we may assign the contract rather than close on the purchase, and to buyers that we are selling only an equitable interest in a contract and do not hold legal title to the property.

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