What Is A Homestead?

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Real Estate Agent with RE/MAX Advantage Plus 40552805


An estate of homestead is a type of protection for a person’s principal residence. There is an automatic homestead protection of one hundred and twenty-five thousand dollars ($125,000) with respect to a home that does not declare a homestead exemption with the Registry of Deeds. This automatic protection may be sufficient to protect a deposit made upon the estate; however, it is not likely to be sufficient coverage to protect the full value of your home. In order for homeowners in Massachusetts to protect the value of their property up to five hundred thousand dollars ($500,000) per residence, per family, you must file a document called a "Declaration of Homestead". The form is filed at the Registry of Deeds in the county or district where the property is located, referencing the title/deed to the property. Learn more about the Homestead Act in Massachusetts

Posted by

Anthony Giglio

Broker Associate

RE/MAX Advantage Plus
Website: www.anthonysellsmn.com
Email: anthonysellsmn@gmail.com
Direct: 612-513-0755

Anthony Giglio is a Realtor with RE/MAX Advantage Plus and is on the Minnesota Real Estate Team which sells over 1500 homes each year in MN. He is always available to help you with your real estate questions and needs. 

 

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Real Estate General Information
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Massachusetts Middlesex County Woburn
Tags:
homestead act
declaration of homestead
remax woburn
anthony giglio realtor
michael callahan attorney
sigman law office

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