real estate

What is a Declaration of Homestead?

What is ‘homestead?’ Homestead protection is available for owner-occupied, residential one to four-family homes, condominium units, cooperative apartments and for manufactured homes, which in each case serves as the homeowner’s principal residence.  Co-owners of a home ‘share’ the exemption amount. A homestead estate exempts a certain amount of the equity of a home from attachment, …

What is a Declaration of Homestead? Read More »

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