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Homestead Test
 

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Quiz
Take the Homestead Test
By Judon Fambrough and Ted C. Jones
January 1997

  1. A Texas homestead may include a business.
    T F

  2. The maximum rural Texas homestead for a single person is 200 acres.
    T F

  3. A residence may be claimed as a Texas homestead prior to actually living on the property.
    T F

  4. Texas allows a life-time homestead.
    T F

  5. Proceeds from the sale of a Texas homestead are protected for nine months from seizure by creditors.
    T F

  6. A bank can have a valid lien against the homestead if the purpose of the loan was to pay federal income taxes.
    T F

  7. A change in the Texas homestead laws requires amending the Texas Constitution.
    T F

  8. Texas law prevents a homestead from being taken in condemnation.
    T F

  9. Failure to request a property tax homestead exemption voids the rights of protection afforded by the Texas homestead law.
    T F

  10. A Texas homestead can be claimed in a federal bankruptcy filing.
    T F

  11. Failure to pay an assessment for street improvements can result in loss of a Texas homestead.
    T F

  
For an explanation to all answers, click here.

Fambrough is an attorney, member of the State Bar of Texas and senior lecturer with the Real Estate Center at Texas A&M University.
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