Legal Question in Real Estate Law in Washington
Homestead Act
Does this document work with a home that is one commercial property?
Asked on 5/23/07, 3:04 pm
1 Answer from Attorneys
Elizabeth Powell
ELizabeth Powell PS Inc
Re: Homestead Act
Not an entirely intelligible question.
You have a homestead in the property that you OWN and in which you RESIDE. How it is zoned is not relevant. However, the city or county where you live may take issue with you living in commercial property.
A homestead exemption comes into play when you are taking a bankruptcy. It is not applicable to commercial property that you own directly.
Hope this helps. Elizabeth Powell
Answered on 5/24/07, 11:55 am