Legal Question in Real Estate Law in Michigan
Homesteading in Michigan
8/16/07 I was told Homesteading is the same thing as PRE, Principle Residence Exemption, which is stated on my Tax Bill as ''PRE 100%''. Are they the same? I want to protect my home from creditors, and would prefer to Homestead it. Thank you.
Asked on 8/16/07, 1:47 am
1 Answer from Attorneys
Victoria Easterday
Law Offices of Victoria Easterday
Re: Homesteading in Michigan
Yes, they are the same. Claiming Homestead though does not give you any more protection from creditors than non-homestead.
Answered on 8/16/07, 10:39 am