Legal Question in Civil Litigation in Colorado
Is my house protected?
Is my house protected if I am sued in cival court?
Asked on 6/07/07, 12:03 pm
1 Answer from Attorneys
Robert Murillo
Pivotal Legal Ltd.
Re: Is my house protected?
Maybe. Colorado has a homestead exemption for a person's primary residence up to $45,000.
If you have more equity or if the home is not your primary residence or used by your family, the house is not protected and they can file a judgment lien and try to foreclose on that lien. It is not easy, but it is possible.
Answered on 6/07/07, 12:26 pm