Legal Question in Real Estate Law in Montana
declaration of homestead exemption
my home is going up for a trustee sale in july .can the form-declaration of homestead exemption, help me out at all. look in section 70-32-201,montana code annotated
1 Answer from Attorneys
Re: declaration of homestead exemption
I'm sorry, but the answer is no.
Refer to 70-32-202(2) and (3) MCA for your answers.
"Execution allowed under certain judgments. The homestead is subject to execution or forced sale in satisfaction of judgments obtained:
(2) on debts secured by mortgages on the presmies, executed and acknowledged by the husband and wife or by an unmarried claimant; or
(3) on debts secured by mortgages on the premises, executed and recorded before the declaration of homestead was filed for record.
One or both of these will undoubtedly fit your circumstances.
I regret being the messenger of bad news.
Best of luck to you.