Homesteading as Protection Against Creditors
Homestead protection may save your home and your home equity from unsecured creditors. Homesteading in California can provide up to $150,000 in protection against creditors who may sue to force you to sell your home to pay the amounts that you owe them. The amounts owed can be as the result of lawsuits, or just from having overextended credit. There are two types of homesteads available: an automatic homestead and a declared homestead. An automatic homestead protects some of your home equity
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