Finance
A Texas homestead is protected from forced sale for all of the following EXCEPT:
AGeneral unsecured debts
BAd valorem property taxes✓ Correct
CMechanic's and materialman's liens for work done on the property
DA judgment from a credit card company
Explanation
The Texas homestead exemption protects a homeowner from forced sale by most creditors. However, it does NOT protect against ad valorem (property) taxes, purchase money mortgages, home equity loans, mechanic's liens for work on the property, or HOA assessments.
Related Texas Finance Questions
- A Texas homebuyer applies for a USDA Rural Development Guaranteed Home Loan. This loan program is designed for:
- When an FHA loan is assumed by a new buyer in Texas, the new buyer must:
- Under the Texas Veterans Land Board (VLB) Land Loan program, eligible Texas veterans can purchase:
- A Texas borrower with a 680 FICO score qualifies for a conventional loan at 5% down but will pay a higher PMI premium than a borrower with a 780 score. This difference reflects:
- A 'bridge loan' in Texas real estate is typically used when:
- A Texas buyer qualifies for a USDA Rural Development guaranteed loan. This type of loan is available for properties:
- Under the Texas Home Equity law, a homeowner may borrow against their home equity provided the total debt against the homestead does not exceed:
- In Texas, a 'wraparound mortgage' involves:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →