***Section 50 provides for protection of the homestead (generally, one's personal residence) from forced sale except for debts related to it (such as mortgages, mechanic's liens, and home equity loans and lines of credit). It includes extremely detailed and specific restrictions on home equity loans and lines of credit (HELOC's), as Texas was the last state to allow after much public pressure). | ***Section 50 provides for protection of the homestead (generally, one's personal residence) from forced sale except for debts related to it (such as mortgages, mechanic's liens, and home equity loans and lines of credit). It includes extremely detailed and specific restrictions on home equity loans and lines of credit (HELOC's), as Texas was the last state to allow after much public pressure). |