When Unpaid Texas Property Taxes Take the House Texas has no state income tax, and property taxes carry a correspondingly heavy load. They are also secured by a lien on the property that attaches automatically each year. Fall far enough behind and the taxing units can foreclose, and that process runs separately from anything your mortgage lender is doing. A tax foreclosure in Texas is judicial. The taxing authority sues, and a court enters judgment for the taxes, penalti
Deed in Lieu of Foreclosure in Texas A deed in lieu of foreclosure is an agreement where you hand the title to the lender and the lender accepts it instead of foreclosing. It gets described as the dignified exit. Sometimes it is. Often it is the wrong choice, and the difference comes down to specifics most homeowners are never told. Start with the fact that it is negotiated, not a right. You cannot make a lender take a deed in lieu. They agree only when it is cheaper and
What As Is Really Means on a Texas Contract As is means the buyer takes the property in its present condition and the seller is not agreeing to make repairs. It does not mean the seller can stay quiet about what is wrong with it. That distinction catches people, and in Texas it is written into the paperwork. Texas requires a seller of residential property to give the buyer a written disclosure of the property's condition, with limited exceptions for situations such as ce
Which Debts Can Take a Texas Homestead Texas homestead protection is among the strongest in the country, and it is widely misunderstood by the people it protects. Homeowners assume it shields the house from everything. It does not, and knowing which debts pierce it tells you how much trouble you are actually in. The protection sits in the Texas Constitution, Article XVI, Section 50, and it shields the homestead from forced sale for most general debts. A credit card compa
Selling a House You Inherited in Texas An inherited house in Texas usually arrives with a legal question attached, and answering it first saves months. The question is not what the house is worth. It is whether you currently have the authority to sell it. A buyer's title company will want proof that ownership passed properly. How you establish that depends on how the estate was handled. If there is a will and it goes through probate, the executor named in it general
Deed in Lieu of Foreclosure in Texas A deed in lieu of foreclosure is an agreement where you hand the title to the lender and the lender accepts it instead of foreclosing. It gets described as the dignified exit. Sometimes it is. Often it is the wrong choice, and the difference comes down to specifics most homeowners are never told. Start with the fact that it is negotiated, not a right. You cannot make a lender take a deed in lieu. They agree only when it is cheaper and
HOA Foreclosure in Texas, Explained Homeowners are usually stunned to learn that a homeowners association in Texas can foreclose over assessments that started as a few hundred dollars. It can, and the mechanism is straightforward enough that it catches people who were never really in financial trouble at all. Most Texas subdivisions record a declaration of covenants that creates a lien on every lot for unpaid assessments. When dues go unpaid, late fees, interest, collect
Property Tax Foreclosure in Texas Texas has no state income tax, and property taxes carry a correspondingly heavy load. They are also secured by a lien on the property that attaches automatically each year. Fall far enough behind and the taxing units can foreclose, and that process runs separately from anything your mortgage lender is doing. A tax foreclosure in Texas is judicial. The taxing authority sues, and a court https://www.fasthousebuying.com/cities/san-antonio