Changes coming in Mass. homestead law

Changes coming in Mass. homestead law

There are 1 comment on the Telegram & Gazette story from Mar 14, 2011, titled Changes coming in Mass. homestead law. In it, Telegram & Gazette reports that:

State officials say changes taking effect this week in the Massachusetts Homestead Act will give homeowners more protection against creditors.

Join the discussion below, or Read more at Telegram & Gazette.

Andrew

Boston, MA

#1 Mar 16, 2011
The new law creates an automatic $125,000 protection on all homes that do not have a homestead declaration filed at the Registry of Deeds. The law still provides a $500,000 homestead protection for all homeowners who file a declaration at the Registry of Deeds. If you filed a homestead declaration prior to March 16, 2011, your $500,000 protection will continue to apply. Thus, there is no need to re-file your homestead declaration due to these statutory changes. The Massachuetts Secretary of State provides an informative review of the new law on their website. You can also read about it here:

http://closingtableblog.com/

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Roxbury Discussions

Title Updated Last By Comments
News Prosecutors drop charges against man in Roxbury... Mar 18 former democrat 1
News Townie Tidbits Feb '17 Heavy feet lighte... 2
Hallmark Job Opportunity in Roxbury Jan '17 VictorOrians 1
News Heslam: Prescription for trouble in Roxbury Nov '16 former democrat 1
News Jessica Rinaldi/Globe staff Governor calls on f... Oct '16 former democrat 1
News Recent wave of creepy clown reports has yet to ... Oct '16 former democrat 1
News Homicide Suspect Arrested (Jun '09) Jul '16 Lisa 3

Roxbury Jobs

More from around the web

Personal Finance

Roxbury Mortgages