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Greeetings@
How do I homestead my home to protect it from foreclosure, judgements or bankruptcy if I have to file. It is not part of my mortgage. I am disabled

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Ruth Clark!

Welcome to forums!

In order to qualify for homestead, you will have to one of the owner's of the property of the property or a qualifying relative of the owner. You will also have to occupy the property as a primary residence.

In order to file homestead, you will have to contact the County Property Records and Taxation office. You will have to provide them with the names as well as the Social Security Numbers of all the owners. You will also have to file a Certificate of Real Estate Value.

To know more about homestead exemption, visit the given link:
http://www.mortgagefit.com/know-how/homestead-exemption.html

Feel free to ask if you have further queries.

Sussane

Like | Dislike | Share | Posted: Mon, 10/27/2008 - 20:01 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

What does this actually mean.? What will it protect my home from.?

Like | Dislike | Share | Posted: Mon, 12/15/2008 - 10:32 | Post subject:

jerry's picture
jerry | Joined: October 17, 2005 03:24 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Wendy Goldsmith,

Homestead exemption is designed to protect the value of the homes of residents from creditors, property taxes, as well as circumstances arising from the death of the homeowner spouse. Homestead exemption laws are known for 3 primary features. It prevents the forced sale of a home to meet the demands of creditors. It provides the surviving spouse with shelter. It also provides an exemption from property taxes which can be applied to a home.

Thanks,

Jerry

Like | Dislike | Share | Posted: Tue, 12/16/2008 - 00:17 | Post subject:

manoj_gopale's picture
manoj_gopale | Joined: February 16, 2009 10:31 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

aarennels
it is really not possible for you to make it. i really do not have the right option for you in this case. so better you consult your attorney (if you can afford) for this complicated case. :idea:

Like | Dislike | Share | Posted: Mon, 03/23/2009 - 01:51 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

can you homestead in the state of Oregon?

Like | Dislike | Share | Posted: Sat, 02/28/2009 - 19:47 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi angelica,

As far as I know, Homestead exemptions are available in Oregon. However, homestead laws vary from state to state so you can consult an attorney who will help you in understanding the whole thing.

Like | Dislike | Share | Posted: Sun, 03/01/2009 - 21:02 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Can I homestead my home now because I lost a lawsuit and expect the other party will sue me for attorney fees?

Like | Dislike | Share | Posted: Sun, 03/22/2009 - 19:33 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi aarennels,

I don't think you'll be able to homestead the home now just to save your property from the other party.

Thanks

Like | Dislike | Share | Posted: Sun, 03/22/2009 - 21:49 | Post subject:

tawanastegall's picture
tawanastegall | Joined: March 26, 2009 07:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

You claim your property as homestead by going to your tax office and completing a homestead exemption form. Nothing to it. It may eve be avaliableo online and you can mail it in.

Like | Dislike | Share | Posted: Thu, 03/26/2009 - 13:06 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My civil case will go on trial in Jan 2010, and it looks like they will win. Can I homestead my home now? I am disabled and on SSI so money is tight.

Like | Dislike | Share | Posted: Wed, 06/03/2009 - 12:19 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

You can apply for a homestead now. However, applying for homestead just to save the property from a judgment may be considered as a fraud. Consult your attorney before taking any step.

Like | Dislike | Share | Posted: Wed, 06/03/2009 - 23:35 | Post subject:

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