How a Homestead Exemption Protects You! | Legally Protect Your House aka ASSETS!
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- Опубликовано: 13 сен 2024
- In today's episode of homeowner tips you'll learn how a homestead exemption protects you!
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*Watch the full video to find what is a homestead exemption and how to get a homestead exemption. Thank you!*
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At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with BHHS, NV Properties in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of BHHS, NV Properties. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.
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Thanks to the home stead exemption, my monthly mprtgage payment is going to go down %12. Thanks a million!
in Ohio currently it is 136000 for an individual and 272000 for a married couple this is real good news because with the high amount of consumer debt and junk debt buyers using the courts as a collection agency there would be a bunch of sheriff sales
I already applied for a Homestead exemption and I'm not exactly positive but I believe the lady at the clerk recorders office said something about me paying less taxes at the end of the year is that true? I also have a lot of bills in collections at the moment can a Homestead protect me from those creditors?
Florida has it 👍
Thank you. This is the best explanation I’ve found yet of what a homestead actually is! Although I have heard we should also be careful about junk mail as well because people can request to charge for a service that is free, to file homestead. Appreciate you from Texas!
I qualified for HOMESTEAD ACT due to being a 100% disabled service-connected veteran. After my house burned I bought a camper while rebuild. Morrow County started charging me more, so I checked with the county Auditor. I asked why did you take away my HOMESTEAD ACT? "Because your house burned. You don't have a house." Why did you DOUBLE my property value? "Because you made improvements to your house." The federal definition of HOMESTEAD is any piece of land you use your permanent address (USC Title-18). Auditor said campers don't count anymore. How can local jurisdictions supercede federal law? Appears to violate section 242 (depriving... under color of law). Also what about their so-called logic. Morrow County blames State of Ohio, but the county is billing me. My house burned; they double my property value for making improvements on the house they told me I don't have anymore !!! PLEASE HELP if you can. Thanks.
I so appreciate your posts very detailed and helpful thank you
California has a homestead form on their website so I assume the state of California has it but I didn’t know there were these different amounts so I’ll have to look into it.
Thank you for the heads up Maggie! Sending you positive vibes everything goes your way. Peace be with you.
I used the homestead exemption for my primary residence in Nevada. If the HE protects from creditors, is that he same as saying it protects does from civil lawsuits? I ask because I work in a field where we can be sued for any number of reasons even if our actions are justified. Thank you
Yes Texas
Arizona has an exemption of one hundred and fifty thousand dollars. Do not forget about your rights under land patents.
If you already have a homestead exception and you decide to sell your home for another one, how do you continue to qualify?
Yes, my state Nevada has an Homestead Exemption
Moving to MI and the house I am buying has one. Just learning the pros and cons. Thank you for the information to get me started
Andrew. Great video! Where do I start with all of this? We have just managed to pay off the house in Las Vegas NV, so I feel like not having the homestead exemption is “asking for it”… thanks for your service! Oorah Brother!
Hey Peter, thank you for the kudos! I'm glad you enjoyed this video. In the description I linked to the Clark County Asessor's office homestead page.
Just in case, here it is again www.clarkcountynv.gov/government/assessor/home_stead.php
On a side note, depending on if you have a VA SCD, you might be eligible for property tax/ DMV exemptions too. Here's the link to check that out.
www.clarkcountynv.gov/government/assessor/exemption.php
If you know of anyone I can help sell or buy a home, please let me know. I'm a full-time practicing Realtor too. =)
Thank you for your service too! Semper Fi Brother!
Hi Andrew, I live in Vegas and I would like to be guided to a great real estate agent as I will be looking to buy starting around August 2023. I don't want to get screwed 😫. Thanks
Massachusetts has homestead Act..
Georgia has homestead exemption!
Idaho has homestead exemption
Is this homestead,,,establish in
The Caribbean,,AND which
Countriesssss.....Am extremely
Interestedddddd........On Countryside. Thanku
Colorado has it and i was told its automatic
Oklahoma yes but, on the website it’s stated that it’s $1000!!! What a joke!!
Yes I’m here in Nevada
Wow you speak too fast for me. Informative but super speedy for learning. I had to stop the video to absorb.
You know you can change the playback speed under the options
California has the home stead exception.
it just went up not 75000 no more
Thank you for the information. :)
Yes, Indiana does have a homestead exemption. However, I don't know how much they protect you with.
Fantastic Faith4Today!
Thank you so much for sharing with us! #StrongerAndBetterTogether + YOU ROCK!
Wishing you and yours and amazing weekend my friend! =)
what type of Lawyer would I look for in a cse of $5k lein? Ma, ty
Thank you
Minnesota Does, Thanks for the info
Question: I read somewhere in the state of Mississippi that unsecured credit card Debt homestead exemption is exempt from judgement and even if you sell the property or insurance pays they can’t levy.
Nevada also has it
PA. HAS IT I FILLED OUT PAPERWORK
pa has it ?. for how much >
Arizona homestead protection value $150 ooo
Is it possible for ex-spouse’s creditor placing a lien on ex-wife’s owned property?
I checked with recorded office and they told me lien is recorded under his name not on the property.
Alaska does, it's up to 54k
My state Florida does have it.
Hi Millie Penalver,
Thank you for watching. It's great to hear from you!
Thank you for letting us know the Florida has the Homestead exemption! Yay!
What would you like to see next?
Enjoy a wonderful day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Is there anywhere in america where you cant lose your paid off homestead due to unpaid property taxes?
That's a great question Quick Facts!
In short... No, I'm not aware of any homestead that protects a homeowner from unpaid property taxes or anything do with local, state, or national government. Uncle Sam always has the right away from my observations.
Best case scenario, is a homeowner may be able to keep their home though will have liens for unpaid taxes on their property that must be satisfied when the property changes hands in the future.
Given your screen name, are you aware of any homestead that provides this type of protection anywhere in American?
We're all #StrongerAndBetterTogether =)
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Texas has It!
That's fantastic news Stephanie!
Thank you for sharing with us. Way to live out the #StrongerAndBetterTogether movement. Love it!
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$75k for CT
Wa state 125k as of 2008
I'm in NJ that does not Have the Homestead Exemption. What other options are there?
Hi David perry,
Thank you for watching and for your kudos! It's great to hear from you!
You ask a great question David! Thank you for that. So different states may or may not have a Homestead (or a version of one).
3 places that come to mind that you could check to see if NJ has a version of the Homestead exemption are:
1. Your Trusted Real Estate Advisor (a top agent will know)
2. A Title Company
3. Your County's website and typing in the search bar, "homestead," or "exemption."
After you find out, if you'd be so kind, please let us know what you learn and share the insights with us so we can continue to learn and grow together. Thanks! =)
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Thanks again for watching! =)
Enjoy a marvelous day!
Btw... Join us when you can during the livestreams every Wednesday at 11am PT. Love to see you there! =)
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Join www.btb-card.com to protect your equity.
Can I set up a homestead with you?
Hi Moni,
Thank you for watching and for reaching out. It's great to hear from you!
The easiest way to set up your homestead is through the Clark County Assessor's website. Here's the direct link: www.clarkcountynv.gov/assessor/services/Pages/Homestead.aspx
It's pretty easy to complete. Great job Moni!
Thanks again for watching.
Enjoy a nice evening!
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Gee
Matt Damon
WA has a homestead law with an exemption of $125,000
Thank you James for sharing with us!
You're the best!
What would you like to watch next?
I'm going live 3x per week at 9am PST M, W, F with other top agents around the USA talking about the hot topics, if you'd like to join us, here's the link to the playlist: ruclips.net/p/PLRT4sgnCVqNecugVWsOgYPoEH0IXc-Tm4
Credit card agency dont havea rights to do sht
wow, slow down
You talk to fast!
You use your hands way to much