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Does my homestead exemption help me when the lender forecloses my home?

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rock2eightees Joined: 30 Apr 2009 Posts: 2 1.00 Dollars($)	Posted: Thu Apr 30, 2009 7:44 pm    Post subject: Does my homestead exemption help me when the lender foreclos Like 0 Dislike 0 Does my homestead exemption help me when the lender forecloses my home?...I heard that at foreclosure the lender is not allowed to totally clean you out if you have homestead. I do, and i have a condo in miami beach. Anybody knows about this?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Thu Apr 30, 2009 9:14 pm    Post subject: Like 0 Dislike 0 Hi rock2eightees! Welcome to forums! Homestead exemptions are available on primary residences and it also helps you in saving your property from forced sale by the creditors. You can contact a lawyer and check out your options. Sussane

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