What is Homestead – Automatic and Declared

The following article presented by First Tuesday Journal explains what is homestead, a method of protecting your home should you fall prey to a negative equity situation and subsequent claims from creditors.

This article covers what you need to know about the two different methods of homesteading.

“Homestead by type and amount California is creating equity as fast-increasing home prices have reduced the number of negative-equity homes in the state.

Source: Brokerage Reminder: The declaration of homestead – automatic and declared | first tuesday Journal

 

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