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Dangers of Joint Property Ownership

Dangers of Joint Property Ownership

Homeownership is a big step to take with another person, even with a beloved family member. Unforeseen complications can quickly arise, so it is best to know what you are getting into before signing on the dotted line. Whether you accidentally disinherit your children...
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...