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Homestead Declaration Form Kern County California

Homestead Declaration Form Kern County California

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everyone this month we wanted to talk to you about a homestead exemption and what that is and whether you need it at all so we thought we'd give you a short synopsis on a california law that was changed last year and we thought it's a pretty good time to talk about it so the homestead exemption in california is a law that allows you to protect up to a certain amount of the equity in your home now you're probably thinking what the heck is the equity in my home the equity is the amount of profit or the amount of money you have in your home so for example if your home is worth 500 000 and you have a 200 000 mortgage your equity is 300 000. so the law actually allows you to protect a certain amount of your equity and it's important because last year they bumped it up so depending on the county that you're living in you can actually protect 300 to 600 000 of equity in your home so for example if you live in l.a los angeles county you can protect 600 0

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