| "To Homestead or Not To Homestead?"
That is the Question
Considering buying a house? Here's a word of forewarning. Expect that once your house is in your name to be pestered about "homesteading."
Homesteading, in this instance, is not that of the late 1800s, where the government gives you so many acres on which you live and till. Here, in the 21st Century, the concept has changed slightly. These days it's a legal term for protecting a portion of your home's equity from lawsuits. The companies offering you this benefit may charge you any where from $50 to $100.
A firm may approach you and offer, on your behalf, to file any appropriate documents with the courts to shield your home from this legal action. Sounds like a good idea, |
