Legal Question in Real Estate Law in Nevada
Homestead Act (Nevada)
I refinanced my home last year (2007) but didn't update my Homestead application. I am married but the Mortgage loan is in my name only because my wife wouldn't qualify for a reasonable rate of interest due to her bad credit scores. Can I qualify for a new Homestead application as a single person or does my wife have to be listed as well?
Asked on 11/25/08, 3:55 pm
1 Answer from Attorneys
Jeffrey Cogan
Jeffrey A. Cogan, Esq., Ltd.
Re: Homestead Act (Nevada)
You don't need to change your homestead unless you want to. You can do a new one to add your wife but if she was sued, I think that the homestead would prevent the sale of your house.
Answered on 11/25/08, 6:33 pm