IF YOU HAVE EVER HEARD ABOUT THE HOMESTEAD EXEMPTION (OR NOT) BUT DON’T KNOW WHAT IT IS OR WHAT IT DOES, READ MY REAL ESTATE LAW UPDATE
I have found that many people I talk to don’t know what the homestead exemption is, and don’t know what it does. People are frequently surprised when I tell them that the first $150,000 of equity in their home is exempt from the claims of creditors.
If you are an Arizona homeowner and don’t know what any of this is about, you need to read my Real Estate Law Update for October. It’s posted in the publications section of deconcinimcdonald.com.
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The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.