declaration of homestead: Buying a Home in Massachusetts – Protect Your Home with a Homestead Exemption - 09/27/09 03:14 PM
Massachusetts home buyers have a valuable protection mechanism that is available to them at the time of their home purchase.   It is called a Declaration of Homestead.  
For most of us, our house is the biggest investment we will make and the largest asset we own.  It's also the place we call home.  To protect this asset, Massachusetts has established an important safeguard.  The Declaration of Homestead provides an easy and inexpensive protection for you in the event of a lawsuit.  
According to Massachusetts General Laws, you have a right to file for protection of your property equity under The Homestead Act.  … (4 comments)