0
A homestead exemption can be filed for a mobile home. Check with your town clerk for the procedure.
Residential dwellings such as houses, condos, mobile homes are not considered personal property.Examples of personal property are: Household goods, electronics, clothing, jewelry, stocks, bonds, bank accounts and similar assets/items.
Some US states have exemptions for such, consult the bankruptcy laws concerning your state of residence to find out what may apply. If the state does not have a set of exemptions then the federal bankruptcy exemptions apply during BK or a creditor judgment action.
Please note: Allowable exemptions are based upon the actual ownership of the real or personal property in question. Joint ownership of any kind can change the judgment status of all property, especially when it relates to a married couple.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agothe word homestead exempt applies to bankruptcy or judgments and your home is exempt
Add your answer:
Earn +20 pts
If a person dies in Florida leaving credit card debt and the home goes to the spouse is half of the home subject to probate and collection by the credit card companies?
no in the state of Florida the homestead is exempt from all creditors
What is the definition of homestead?
Homestead actually has two definitions. One of the definitions is that it a house or a building. The other definition is that when a person's house is exempt from forced sale that the house would be in during debt.
Is your Florida home with homestead protected against a judgment?
Is your florida home with homestead protected against a judgement
Can you keep gifts of money during bankruptcy?
Bankruptcy allows you to exempt cash under state and federal law up to certain amounts. Georgia has a $10k homestead exemption and if you don't own a home or have no equity, you could use the $10k exemption on cash.
Can you get a homestead exemption if you own a mobile home?
Yes. They are generally filed with the town. You should inquire at your town clerk's office.
If you have a lien on your house from a creditor not a mortgage company can they force you to foreclose on the house to get their money?
Not if your home is exempt. Check your state's homestead exemption laws. findlaw.com is a great resource. Actually they can forclose without you doing anything.
Do you have to own property for 20 or 25 years before it is considered a homestead?
No you do not have to own your property for 20 or 25 years you can file a declaration of homestead in the county you live in. As long as you live in the home you are homesteading This will protect you by law from forced sale to meet debts.....ect
Can you homestead a mobile home?
Please explain what 'to homestead' means in a legal sense.
Can you use the homestead act on your current home?
don't know what you mean by homestead act. In Florida you can use homestead exemption.
TN homestead exemption?
The TN homestead exemption stand for the Tennessee homestead exemption. The Tennessee homestead exemption protects some of the home equity when bankruptcy is being filed.
Can you qualify for a homestead exemption if you have refinanced your home?
Yes but the mortgage will not be affected by the homestead. Modern mortgages contain a clause that waives homestead protection.
Where can one find California Homestead online?
There is an online website called SFGate where one can find a home guide to declaring a California homestead on a home one owns. To declare a California Homestead ones home must be their primary residence.
