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Abandonment of HomesteadBy Person Authorized to Act on Behalf of Declared Homestead Owner Form

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Abandonment of HomesteadBy Person Authorized to Act on Behalf of Declared Homestead Owner Form

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there is what's called a recorded homestead there when you purchase the property you can record the homestead uh with the county recorder's office and then it appears as part of the chain of title but there is also an automatic homestead and so that automatic homestead serves the same purpose the difference has to do with whether there's going to be an involuntary sale of the property how the payment is arranged who gets paid first and how much of the equity you might be able to recover but yes there is an automatic homestead in the state of california and that automatic homestead is governed by the statute of exemptions for the homeowners table so that means that you get an automatic homestead of up to six hundred thousand dollars in the equity in the property you

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