Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010
Re: homestead in texas - pros and cons ??

Not in Texas any more but there's no reason not to file Homestead and every reason to do so.

 

Your homestead is protected from any form of foreclosure except purchase money mortgage, and your property taxes may be reduced, they are certainly capped for increases.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
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Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
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