How to Protect Your Home’s Equity

How to Protect Your Home’s Equity

Learn about how California’s Homestead laws can help protect the equity in your home. California and many other states have homestead laws to protect families against creditors.  A homestead property is a primary residence that is exempt from claims or eviction by unsecured creditors. A homestead exemption is in effect a lien that protects a certain amount of equity in a person’s home by limiting the amount of liability for certain debts against which a home can be used to satisfy a judgment.  For instance, if a creditor tries to foreclose on your home to satisfy your debt, a certain amount...Read more
Property Rights

Property Rights

  Owning real property comes with a bundle of rights.  Know your rights! The right to own property in the United States is protected under the U.S. Constitution.  Anything that may be owned and gained lawfully is known as property.  Property law governs the ownership of both real and personal property.  For the purposes of this article, we will focus on the rights associated with real property (land) as opposed to personal property (personal possessions). Bundle of Rights In common law, the word “property” refers more to the rights an owner has in property than the fact that the property...Read more