What is homestead exemption?
Date: Sun, 02/27/2011 - 09:39
Is the homestead exemption based on the equity of the home? Or assessment value? My house is upside down. State is PA. Thanks.
Homestead exemption, as per my knowledge, is based on the assess
Homestead exemption, as per my knowledge, is based on the assessment value.
When filing chapter 7, do they usually go after your house? Doe
When filing chapter 7, do they usually go after your house? Doesn't seem like it would make sense that they would, if there is no equity.
They go by your equity. If you owe more than your house is wort
They go by your equity. If you owe more than your house is worth you will keep your home. If you have equity. Look to your states exemption laws to see if you are under the limit.