SCh6 Homestead

Question 1

What type of the state is Homestead in Texas?

Answer 1

Statutory

Question 2

Can Homestead protection be waived?

Answer 2

No

Question 3

Is Homestead protection automatic?

Answer 3

Yes

Question 4

The homestead of a family is protected from for sale by all creditors, except which ones?

Answer 4

1st Mortgage
2nd Mortgage
Property taxes
Mechanic and material men’s liens
Homeowners property owners association

Question 5

How long does the owner have to redeem the property when a home is is foreclosed on for unpaid property taxes?

Answer 5

Two years

Question 6

When a homestead is foreclosed on for unpaid, homeowner/property owner association, fees. How long does the owner have to redeem the property

Answer 6

Six months

Question 7

What is the maximum size of an urban Homestead?

Answer 7

10 connected acres

Question 8

What is the maximum size of a rural Homestead?

Answer 8

200 acres

Question 9

On a property greater than 200 acres what does the owner have the right to designate?

Answer 9

Which land will be considered the Homestead

Question 10

What’s the maximum number of Homestead per person or family?

Answer 10

One

Question 11

How does one go about receiving the homestead exemption?

Answer 11

Homeowners must apply for the exemption and must own and occupy the home to qualify

Question 12

How long can one back file if they fail to claim the homestead exemption?

Answer 12

Two years