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What is the Homestead Exemption in Texas?

What is the Homestead Exemption in Texas?

In Texas, there is a homestead tax exemption. The county applies this exemption to different types of taxes. One type of homestead tax exemption makes a percentage of your home’s value not taxable. Because there is no state property tax in Texas, schools and...
How to Transfer a Deed to an LLC

How to Transfer a Deed to an LLC

If you own rental properties, opening an LLC to manage your real estate may seem like a good idea. Putting rental property in an LLC limits your liability in case of lawsuits from tenants. Even though you may have liability insurance to cover any issues, tenants can...
What is a Warranty Deed?

What is a Warranty Deed?

If you own a home in Texas, you most likely have a deed of trust with a banking institution that you pay each month. Once you pay off your loan, you will receive a document known as a deed. The deed is your physical proof that you own the property. However, the type...
Deed Vs. Title: What’s the Difference?

Deed Vs. Title: What’s the Difference?

“Owning” a house can be a confusing concept. The deed of trust is usually held by a bank and your role is as a paying loan holder. Legally, you have only bought a portion of it, but everyone says that you “own” the home. Titles and deeds explain more about who...
Buying a Home as an Unmarried Couple

Buying a Home as an Unmarried Couple

According to a Pew Research Center analysis of the Current Population Survey, half of unmarried couples who live together are under 35 years old, but a whopping 23 percent are age 50 or older. People choose to be an unmarried couple in our society for many reasons....