Repo law & leins in Texas

This is a discussion on Repo law & leins in Texas within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; Where can you find the laws relating to repossessions and liens 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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Old Jul 6th, 2009, 04:54 PM   #3
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Question Re: Repo law & leins in Texas

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Where can you find the laws relating to repossessions and liens in Texas?
I have a loan on my car that has been going on since 8/05--I have always paid on time, but I was laid off 7/08 and was out of work for 3 months--when I finally found a position I was making $14,000 less than my previous job. I pay for mortgage and bills so I have been paying on the veh up until recently, I make payments but they are late. this past payment I was able to make $100 toward the loan and they threatened me that they will cut losses if I cannot make proper payments. My question is, if I am still making payments on the account, are they able to repo the veh since I am still showing payments being made??
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