Legal Question in Real Estate Law in Virginia

Homestead Act

I would like to know what exactlly does the Homestead Act entail?

Thank you


Asked on 4/07/99, 1:45 am

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: Homestead Act

In Virginia, the only "homestead" is not a homestead at all. It is an exmption to execution on a judgment (or in bankruptcy) of up to $5000 per householder (=adult) plus $500 per dependent, plus $2000 if the householder is a disabled veteran. It can be used for real or personal property and is claimed by filing a "homestead deed" in the land records.

Daniel Press

Chung & Press, P.C.

6723 Whittier Ave., Suite 302


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Answered on 4/09/99, 7:15 pm


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