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Can you qualify for a homestead exemption if you have refinanced your home?
Wiki User
∙ 13y ago
Yes but the mortgage will not be affected by the homestead. Modern mortgages contain a clause that waives homestead protection.
Wiki User
∙ 13y ago
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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 use the homestead act on your current home?
don't know what you mean by homestead act. In Florida you can use homestead exemption.
I own a home in maricopa county and I am a widow. Do I qualify for widow exemption on my taxes as it is my primary residence Thank you?
Yes, you qualify for the widow exemption on your taxes.
In Texas - if you own 1 home and the husband owns land - will both qualify for an exemption if you claim one property and your spouse claims the other?
The homestead exemption is applicable only to the primary residence. So the only way you and your spouse could claim different homes is if you are separated and have different primary residences. * Texas is a community property state. Unless one of the properties was acquired before the marriage then they cannot be separated either for taxation or as a homestead declaration. Or as noted, perhaps in a legal separation and definitely in a divorce unless the issue pertains to a creditor judgment.
Florida-you have homestead on a house that you are surrendering your mother has given you a mobile home can you file a new homestead on the mobile home?
You may file a new homestead exemption by following the statutory requirements explained at the link provided below.
In Indiana what are the homestead exemptions?
The homestead exemption is $35,000 or 50 percent of the value of the home, whichever is lower. You must file in writing in the County Auditor's office.
Can I protect my property and home after being served a Writ of Execution?
A homestead exemption can protect your home from being sold to satisfy a debt in some cases. However, it would not erase the debt. If there is no homestead exemption on your home prior to the execution being filed then you must pay the debt in order to remove the lien.
What are the Florida limits on home exemption in bankruptcy?
I believe you home is safe as long as it is your homestead in a bankruptcy. You should consult a bankruptcy attorney to be safe.
Is homestead exemption important if your home is paid off?
If your home is paid off that is the best reason to record a homestead exemption since you own all the equity in your home. Creditors often will leave a home alone if it is encumbered by mortgages. However, a property not encumbered by a mortgage would be very vulnerable to creditors. Consider unexpected creditors such as those resulting from a car accident.
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.
Should I report income from renting a room in my home to IRS What if I have homestead exemption?
If you made money on the rent you will need to claim it as income.
Can a landlord rent their personal home out to tenants in Atlanta Georgia?
A landlord can rent out his own home if desired, unless local laws prohibit this. If he does this then he may no longer qualify for homestead exemption on his real estate taxes. A landlord can also rent out rooms or other parts of the house to tenants if they so agree.
