A Homestead Declaration can protect the value of your home against most creditors’ claims. A homestead is the house or mobile home that a person lives in and land on which it sits. The property must be a person’s primary residence for it to be eligible for a Homestead Declaration. This may include a mobile home or manufactured home where the owner doesn’t own the land the mobile home is situated on.
In 2021, the maximum value you can protect with a Homestead Declaration is $350,000. The protected amount automatically increases each year by 4%. You don’t need to file a new Homestead Declaration each year the protected amount automatically increases.
You must file the Homestead Declaration before a creditor obtains a judgment against you. You will need to file the Declaration with the Clerk and Recorder’s Office in the county where the homestead is located.
Learn how you can use a Homestead Declaration protect your home from creditors.
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