Phrases with «homestead exemption»

A homestead exemption is a legal protection that allows homeowners to reduce the amount of property taxes they have to pay on their primary residence. It helps them keep more money in their pocket and prevents their home from being taken away to pay debt or creditors in certain situations. Full definition

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Sentences with «homestead exemption»

  • Could we apply the $ 15379 of homestead exemption we have left over towards the $ 13,000 equity in a second home?» (betterbankruptcy.com)
  • Evidently in this particular case, there was not enough homestead exemption on the property to cover the equity the filing debtor had in the property. (betterbankruptcy.com)
  • Understanding homestead exemption in bankruptcy can often be confusing to most laymen facing bankruptcy for the first time. (betterbankruptcy.com)
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