buying a home in texas: Buying a Home in Texas
- 02/28/11 06:06 AM
Buying a Home in Texas Buying a home in Texas is similar to purchasing a home in some of the other states and very different from yet other states. Texas is one of nine community property states. Generally speaking, a community property state is a state in which property accummulated during a marriage (other than by gift or inheritance or property owned by one spouse prior to the marriage), is equally owned by each spouse. Texas homeowners may apply for a Homestead Exemption on their principal residence. A Homestead Exemption protects the home from most creditors; however, this does NOT include the homeowner's … (8 comments)
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