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Old 11-12-2008, 05:49 PM
 
Location: Here and there, you decide.
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what is a homestead exemption and what are the amounts.. i think its 550k, does this mean a creditor cannot put a lien on the house (unless of course, its the bank who owns the house)
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Old 11-12-2008, 06:39 PM
 
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Clark County
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Old 11-12-2008, 07:23 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,986,981 times
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thanks.. exactly what i was looking for.... add a rep for you
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Old 11-13-2008, 04:27 PM
 
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I have heard of people homesteading their homes in the attempt to place their money in an exempt asset so it can not be taken during a bankruptcy. As far as the limit i am not sure. I thinkI heard that they raised the limit recently.
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Old 11-13-2008, 05:09 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,986,981 times
Reputation: 5057
its 550k... and you must not be filing bankruptcy
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