Buying a Home in Massachusetts – Protect Your Home with a Homestead Exemption

Real Estate Agent with The Buyers' Counsel

House with UmbrellaMassachusetts 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.  This act allows you protection of up to five hundred thousand dollars ($500,000) of the value of your residence against attachment, seizure or execution or judgment from unsecured creditors.     

To qualify, the property must be your principal residence.  Exemptions to the Homestead protection are:  debts for taxes, mortgages used to purchase the home, debts incurred prior to signing the homestead, and debts from the court pursuing child support payments.

There is significance to this protection.  If you have filed a Homestead and you happen to be in automobile accident with insufficient insurance to cover your home, you will not be exposed to the extent of $500,000.  It also protects you in the case of dog bites, drowning in pools, slips and falls and professional liabilities.  While it is not substitute for home insurance, the Homestead protection is effective after any liability insurance is used to pay for any judgments that are related to a particular incident. 

You may file for protection whether you are a sole owner, joint tenant, and tenant by the entirety or tenant in common, but the act states that only one owner of a home or one family is eligible for protection on your residence.   The word "family" would include a parent and a child or children, a husband and wife and their children or a sole owner.

Home owners who are 62 years of age or older and persons who are disabled are protected to the extent of $500,000 each.  Therefore, if two disabled persons or persons above the age of 62 reside in the same home, they should each file a Declaration of Homestead.

The fee for filing is thirty-five dollars ($35).  Your closing attorney should make this form available to you at your closing. To be valid, it must be signed, notarized and registered with the Registry of Deeds.

This is great protection for a small price.    


Do you have questions about buying a home in the Metrowest area?  I would love to talk with you. Please feel free to call me at 508-881-6230 - any time or E-mail me. 

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  Copyright 2009 - Claudette Millette, Broker, Owner, TheBuyersCounsel Learn More about Home Buyer Representation - Greater Boston and MetroWest Massachusetts -  Serving Massachusetts Home Buyers Since 1992 

  Ashland, Holliston, Hopkinton, Natick, Newton, Northborough, Framingham, Sherborn, Southborough, Sudbury, Wayland, Westborough  


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Comments (4)

Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

Tonight, I learnt a little more about MA homestead. It's a little different than Texas.

Many homeowners only view the homestead from its tax advantages but fail to see the bigger picture about the grandeur of how it truly works for protection as a whole.

Sep 27, 2009 03:19 PM
Claudette Millette
The Buyers' Counsel - Ashland, MA
Buyer, Broker - Metrowest Mass


I guess these protections vary from state to state.  In Massachusetts it's more about protecting yourself from a lawsuit.


Sep 27, 2009 03:26 PM
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,


Hi Claudette:

So different for state to state...

In NJ for example, our car insurances (which premiums are very high here), gives you liability coverage that usually starts at $500K for these types of instances.  You can cover yourself for much more to, for an added premium, of course!

Sep 27, 2009 11:33 PM
Claudette Millette
The Buyers' Counsel - Ashland, MA
Buyer, Broker - Metrowest Mass

Hi, Toula:

Interestiing.   So, New Jersey does not have a Homestead Act.  It sounds as though it is handled more through your car insurance.  That is different.


Sep 28, 2009 12:37 AM