Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Homestead Act In Simple Terms In San Bernardino
Category:
State:
Multi-State
County:
San Bernardino
Control #:
US-0032LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A homestead exemption protects home equity from a homeowner's creditors, up to a certain dollar amount. Collectors cannot acquire any funds within this amount to settle past-due debt. This applies if you file for bankruptcy or you experience financial difficulties after a divorce or your spouse passes away.
For San Bernardino County, the 2024 homestead exemption is $475,000. If you have not recorded a homestead declaration for your home, we recommend you do so. The homestead declaration puts everyone on notice that your residence is your homestead.
Currently, the California homestead exemption is automatic, meaning that a homestead declaration does not need to be filed with the county clerk. Under the new 2021 law, $300,000–$600,000 of a home's equity cannot be touched by judgment creditors.
