Declaration Of Homestead

Definition of "Declaration of homestead"

John Paulsen

John Paulsen Crye-Leike Coastal Realty

Statement filed with a governmental authority declaring property a homestead for the purposes of securing a homestead exemption. The declaration of homestead has no effect on the property title and is not a conveyance.

Have a question or comment? We're here to help.

Search Real Estate Terms

Popular Real Estate Terms

License Examination

Formal written examination given in every state to those people being the age of majority and qualifying to be a real estate salesperson or broker. T ...

Acoustical Tile

Sound-absorbing tiles designed to reduce the deflection and reverberation of sound waves. Used on walls and ceilings are made of cork, minerals, fiber ...

Escrow account

If escrow is the legal “moment” where assets are held by a third party (an escrow agent) hired by both the buyer and the seller of goods l ...

Louver

Series of sloping horizontal slats most frequently mounted in doors and windows permitting the passage of air while restricting vision and preventi ...

Contingent Interest

Interest is due on a loan only if a particular circumstance occurs. ...

Final Value Estimate

Final property appraisal estimate arrived at by applying appropriate appraisal methods. ...

Popular Real Estate FAQ

What Is A Lien?

A lien is a claim against a property. ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individual. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a CD? What is a mortgagee? Why should I use a real estate agent? What are closing costs? What is a title search?