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homestead exemption Tag

In Texas, your primary residence is protected under the homestead exemption. Unlike other states, Texas provides an unlimited homestead exemption. This means if you have $300,000 in equity in your home, it is protected from your creditors and the bankruptcy trustee. However, there are some unique exceptions you must be aware of. The first rule that could impact your homestead exemption is known as the 1215 day rule. This means, if you purchased your home within the...