Homestead Right


Definition of "Homestead right"

Ed Herbst
  Keller Williams Classic Realty

Use of a home, and the land and buildings surrounding that home, free from the claim of creditors. This right gives rise to an insurable interest.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Expected Morbidity

Expectation of illness or injury. The probability of such occurrence is shown by a morbidity table, ...

Pro Ratio Of Taxes

The proportionate division of taxes at the closing between the buyer and the seller. ...

Direct Writer

property insurer that distributes its products through a direct selling system. Traditionally, insu ...

Gift In Trust

Value or property given by an individual to a trustee who holds and administers it for the benefit o ...

Bridge Insurance For Bridges Under Construction

Provides coverage during the construction of a bridge in the event of fire, lightning, collision, fl ...

Multiemployer Trust

One that provides group health or pension benefits for a multiemployer plan. To lower the cost, smal ...

Related Real Estate FAQ

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is Loan Amortization?

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Short Sale Homes How To Choose A Realtor When to buy a house What is Escrow and how does it Work? 5 U.S. Cities with the Best Public Transportation

FAQ

What is joint tenancy? How big is an acre? What is an overall debt ratio? What are closing costs? What is a REALTOR®?