Re:Can We Survive the Next Financial Crisis?
by toss1 on Monday September 10, 2018 @04:22PM
(#17954880)
Filing a Homestead Exemption is a good idea when you buy a home for your primary residence.
Rules and amounts vary by state, but it general, it protects you from creditors forcing you to sell your home. They may get some of the proceeds when you do eventually sell, so it may lock you into your location if you get a lien/judgement against you, but it's still better than getting kicked out.
Per usual, IANAL, consult a proper attny in your locale.
Rules and amounts vary by state, but it general, it protects you from creditors forcing you to sell your home. They may get some of the proceeds when you do eventually sell, so it may lock you into your location if you get a lien/judgement against you, but it's still better than getting kicked out.
Per usual, IANAL, consult a proper attny in your locale.