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Nrs 111 365 Form

Nrs 111 365 Form

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hey what's going on this is uh Chuck it's your real estate entrepreneur also real estate agent out here in Las Vegas with another tip for the week uh let's talk about Homestead and what Homestead is basically out here in Nevada ing to the Nevada Revis statue 115 it states that if you buy a primary residence and that is a key that you file for Homestead what Homestead does is it actually protects you against creditors coming after you for your primary residence if you have equity in the home so that way they do not kick you out and sell your home and leave you homeless but keep in mind if you have any judgments or leans they can go ahead and put that you know leans and judgments to the property so when you sell it then you will owe that money now the item that are actually exempt from homestead is the IRS and also property taxes so make sure you guys take care of those items so that way you are completely covered also Homestead covers up to $550,000 worth of e Eq

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