The homestead exemption serves as a critical financial protection for homeowners facing bankruptcy by shielding a portion of their home equity from creditors. Each year, this exemption amount is adjusted based on the countywide median sale price of a single-family home in the previous calendar year. For 2025, the homestead exemption limits have been updated […]
California’s Homestead Exemption- Are You Required to Reside in the Home?
The California Homestead Exemption’s Requirements of Residing in the Home and Intending to Continue Doing So The California homestead exemption amount’s huge increase at the beginning of 2021 has made it all the more important to understand when the exemption does apply to a home and when it does not. A number of practical issues […]