If you have $11 after filing your tax return, here's a way to spend it!
In the state of Montana there is a Declaration of Homestead, which protects your home against claims against you rising from accidents or in the unlikely event you are sued. The Declaration of Homestead protects your equity up to $250,000.
Example: Joe's house is worth $250,000. Joe has a loan balance of $150,000. The Declaration of Homestead protects the $100,000 equity. So, if Joe is in a car accident and sued he cannot be forced to sell his house because that equity is protected.
E-mail me at Connie@BozemanMontanaProperties.com for a blank Declaration of Homestead. Complete the form and file it with the Clerk and Rercorder's office in the county where your house is located. I will also be sending out a copy to my e-news members. You need to file the Declaration of Homestead before you get in an accident!
If you filed a Declaration of Homestead prior to the increase from $100,000 to $250,000 you are automatically protected at the higher limit.
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