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.

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Answered on 4/24/08, 10:42 am


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