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Real Estate Exam [Texas] 38, Texas Homestead Protection
Published 1 month ago
Description
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- Texas homestead protection is automatic for a primary residence and does not require a formal filing to be established.
- An urban homestead is limited to a maximum of 10 acres of land, which can be on one or more contiguous lots.
- A rural homestead is capped at 200 acres for a family and 100 acres for a single adult.
- Homesteads are protected from forced sale by general creditors, like credit card companies or for personal loans.
- Protection is not absolute; a homestead can be foreclosed on for specific debts, including purchase money mortgages, property taxes, and valid mechanic's liens.
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