An abstract of judgment may be a judicial lien on your house. A judicial lien expires in most states. I cannot say what the timing for expiration of a judicial lien is in Texax. However, in Michigan, its 10 years. As for your homestead exemption, you only stand to lose it if the property is not owner occupied.
Yes, a home can be lost to a judgment creditor in Texas who has it duly sold at the monthly foreclosure auction, if there is no homestead exemption to protect it. This is because if the abstract was properly renewed, it received a one time extension for an additional 10 years of collectable life. You have to check if the judgment was properly renewed.
If the property sells for less than existing liens against it, the judgment creditor steps into your shoes and becomes the new owner. Then those lien holders can, in turn, foreclose, if their liens are not kept current.
Alternatively, after 10 years without a renewal, an abstract of judgment becomes dormant or stale, and is not enforceable against any property, regardless of claiming a homestead exemption.
Exceptions can occur due to timely litigation, or bankruptcy, which can judicially alter these results.
General legal advice is offered for educational purposes only. A consultation with a qualified attorney is required to determine specific legal advice as to your situation and applicable law. We are a debt relief agency and we help people file for relief under the bankruptcy laws.
Texas law controls here. For that reason, you must get together with a local, experienced attorney with excellent reviews that you can find here on AVVO.com and double-check on YELP.com. You do not want to rely on anything that is said by an out-of-state attorney unless it is the advice I am giving to seek counsel from a local Texas attorney ASAP. most give free initial consultations. Take advantage of that!
Please understand that my answer assumes certain things that may not be true. You should seek competent, local counsel to get the full story and to seek expert advice. I cannot be certain that my answer is correct, and neither should you, based on the limited information you have provided. I ask many questions of my clients before I render a final opinion, so this answer is merely a general guideline to follow. Please seek competent counsel to help you right away!
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