what is a homestead: Homesteads - What they are, and how they work - 06/04/12 09:56 AM
Homesteads - What they are, and how they work
California is one of the many states that have Homestead laws to protect the equity in an owner's primary residence.
There are two homestead statutes in California:
1. Articles 4 and 5 of Chapter 4, Division 2, Title 92. Part 2 of the California Code of Civil Procedure
A Homestead property is the primary residence occupied by a family that is exempt from the claims of, or eviction by, unsecured creditors.
A homestead exemption is a lien that protects a certain amount of equity in someone's home by limiting the amount of … (14 comments)

 
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Ralph Gorgoglione

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Los Angeles, CA

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