How much is seniors exemption on property taxes?

The home owner has to be 65 years of age and older to qualify for $25,000 homestead exemption in Texas.\nAlso they could qualify for a certain amount from the school districts.

A buyer purchased a property in 2019 which village builders/Lennar homes, the title company is Calatlantic Homes of Texas title. After closing in 2019 a hud statement was given to the buyer for her record. The buyer then sent her statement to Harris County appraisal District for Homestead homestead exemption and never received any tax statement from the county. But, her mortgage statement comes every month and she pays it. Not only she’s paying, she also paying the principal mortgage down. Buyer discovered this year 2021 that property is in title company’s name and not the buyers name. How should the buyer and the realtor handle this type of situation?

When real estate transactions are closed the deed is recorded electronically it is a must. So make sure you take a copy of the recorded deed and the (HUD), settlement statement then head out to the appraisal district in person give them the copies explain your situation and they will take care of it for you I\'ve done it many times. Homestead Exception for over 65.

A Seller ask if there’s any other way to borrow money off of his home which is fully paid for without having equity line of credit, just get cash out off his home?

Reverse mortgage would definitely be the best scenario talk to a mortgage professional will explain it 100% I\'ve done it.

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2 Recommendation(s)

Aphram Hanna, recommended by Max Henson, worked together on a real estate transaction on Feb. 12th, 2019.

“Aphram is very knowledgeable and was very friendly and helpful with me and my inspection yesterday."

Aphram Hanna, recommended by mustafa azzawi, helped buy a property on Jun. 29th, 2018

“Words cannot describe how lucky we were to work with Aphram. I would highly recommend him to everyone. We are first time buyers and were guided the whole way through this crazy process with such care and professionalism."

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