Homestead laws can protect you from being forced to sell your beloved family home in times of financial hardship. Take our quiz and learn how a homestead exemption can protect your loved ones in times of trouble.
What is a homestead?
a primary residence
a prairie cabin
a country mansion
Exemptions from property tax are called:
real estate exemptions
property tax exemptions
The homestead exemption may save a primary residence from _____sale.
The homestead exemption may protect a primary residence in the case of:
Homestead exemption rates _____from one state to another.
are the same
_____ has no maximum dollar amount on its homestead exemption.
Which United States law was passed to prevent abuse of the homestead exemption system?
The Foreclosure Prevention and Consumer Protection Act
The Abuse Prevention and Consumer Protection Act
The Bankruptcy Prevention and Consumer Protection Act
The Bankruptcy Prevention and Consumer Protection Act of 2005 set a______limit on state homestead exemptions.
Does the federal government set a bankruptcy exemption amount on your home?
To get the most from the homestead law in your state, you may want to consult: