Texas homestead protection applies to forced sale EXCEPT for:
Correct Answer
B) Property taxes
Homestead protection does not apply to property taxes, purchase money mortgages, or home improvement loans.
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
More Property Ownership Questions
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An easement by necessity is typically created when a property is in which situation?
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- → Alabama's lead-based paint disclosure applies to homes built before:
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- → Wisconsin is a:
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- → In Illinois, which deed provides the greatest protection to the buyer?
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