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Repo law & leins in Texas

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Old Nov 21st, 2008, 01:21 PM     #1
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Confused Repo law & leins in Texas

Where can you find the laws relating to repossessions and liens in Texas?
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Old Nov 21st, 2008, 02:04 PM     #2
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Default Re: Repo law & leins in Texas

41.024 - Sale of Excess. An officer holding an execution sale of property of a judgment debtor whose homestead had been designated under this chapter may sell the excess of the judgment debtor's interest in land not included in the homestead.

A lien can be placed against most property, with the exception of that which is held in "entirety". Texas has an unlimited Homestead Exemption, except for the land itself. An urban residence can be no larger than 10 acres, and rural homestead 200 acres for a family residence, 100 acres for a single owner. Even though a lien could be placed on the property. A forced sale of said property would not be possible. To find out all the exemptions allowable under Texas law, search "Texas Bankruptcy Exemptions" they are applicable to BK filings and lawsuit judgments.

Texas Legislature Online
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