Monday, January 20, 2014

How can I file a homestead on my house to protect my house from liens creditors? Greene county Missouri

Question

How can I file a homestead on my house to protect my house from liens & creditors? Greene county Missouri



Answer

I'm not sure what you mean by "file a homestead." If a creditor has a judgment against you, they may already have a lein against real property that you own. But, such a lein allows you ADN exemption of some of the equity. If you have a lot of equity, you might need to file fur bankruptcy protection. If the home was collateral or security for a loan, bankruptcy might not prevent execution of the security interesr.

If yiur spouse recently passed away, you are allowed s homestead exemption from others getting the home by will it descent.

If you still have questions, you should consult directly with a civil or probate practice attorney in your area.

Good luck



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