Legal Question in Credit and Debt Law in Virginia
Homestead Deed
what is a homestead deed ?
Asked on 4/24/08, 10:15 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Homestead Deed
It's a document that is filed in land records that allows a person to exempt specified property (real or personal), up to certain dollar amounts ($5000 per person plus $500 per dependent, with a little extra for disabled veterans) from execution to enforce a judgment, or from the trustee in bankruptcy.
Answered on 4/24/08, 10:42 am