I have a customer that we approved on a cash out non-owner deal in Texas. She was going to bounce it out of her homestead to get it done. However we went to pull title and found a BS lawsuit that filed a lien against her for $142,000. The person who filed is now dead and the attorney is trying to collect for the estate. Huge mess! Well I was told to not bounce her out of her homestead to protect and to do a Home Equity deal instead. Does anyone know what homestead law for Texas means on home equities?
