Home | Ask Your Question | Mortgage Glossary
Find me a lender for:  

Definition of Homestead from Mortgage Glossary

Homestead

Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts.

Some states grant statutory exemptions, protecting homestead property (usually to a set maximum amount) against the rights of creditors.

Property tax exemptions (for all or part of the tax) are also available in some states.

You'll be re-directed to Loan Savings Solution Web Site
>>>>
<<<<

Books about:

Search More Info On:

  • homestead
  • homestead property
  • homestead tax
  • creditors
  • principal residence
  • principal

    		•
     
    Related Mortgage Definitions:
    Homestead
    Homestead Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting homestead ... more...

    Homestead Exemption
    Homestead Exemption Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting ... more...


    More on homestead...