Are you a homeowner in Nevada? Have you heard of the Declaration of Homestead? If not, you could be putting your primary residence at risk.
Declaration of Homestead is a document that you can obtain from your local recorder. It's a simple process - fill out the necessary information, including the legal description and APN, and record it against your property. What does it do? It protects up to $605,000 equity in your home!
Why is this important? In the event of unforeseen circumstances, such as medical bills, accidents, personal loan debt, credit card debt, or other general liabilities, creditors cannot force the sale of your primary residence.
Please keep in mind that the Declaration of Homestead is only available for primary residences and not rental properties. It's a small price to pay for peace of mind, and it's relatively inexpensive.
Want to learn more? Check out our video on the Declaration of Homestead process here -->
If you have any questions or don't know if you have the Declaration of Homestead for your home, please reach out to us directly. We can put you in touch with a title company that can do a search on your house.
Don't take any chances with your primary residence. Protect your assets today with a Declaration of Homestead.