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BE SMART AND HOMESTEAD YOUR HOME

If you own a home it only make sense to protect your equity from others and it is amazing how few people actually take advantage of it. Most people I speak to don’t even know it exists. This is usually your largest investment and by simply completing a “Declaration of Homestead” form and recording it with the county recorder in the county where the home is located. The recorder charges a fee of usually around $14. In Washoe County, the recorder’s address is: Washoe County Recorder, 1009 East 9 th street, Reno, Nevada 89512

Nevada law permits you to protect up to $550,000 of equity in your home. Nevada is one of the most generous homestead exemptions in the country. If you aren’t protected, your home is in danger of being sold should collectors choose to. The Homestead Law does not protect you against debts secured by a mortgage or deed of trust, payment of taxes, IRS lien, mechanic’s lien, child support or alimony payments. Protecting your home with the homestead exemption will protect you from credit card judgments, accidents and personal loans. You can protect only your primary residence — the property in which you live the majority of the time.You can record your homestead at almost any time, even if you have already lost a lawsuit or had a judgment entered against you.

If you have already filed a Declaration of Homestead on your property remember that you will need to prepare and record a new one if you: Sell your home and buy another one, move your mobile home from one lot space to another, marry, divorce or become widowed, get a new loan.

It is always recommend that homeowner’s seek competent legal counsel regarding the ramifications of filing a Declaration of Homestead. Below is the Declaration of Homestead form for your to use.

homestead declaration form

Louise Simpson

Greetings, I was born in South Africa, and moved to Nevada over 30 years ago. I have resided in the Reno area for the past 25 years, living the past 20 years in Galena Forest Estates, much of it with my three lovely sons. I have been involved with the Montrêux Real Estate Group since its inception in the early 90's, and was previously the marketing director of the Montrêux Development Group the past eight years. Having known the area for so long, and believing I could help share the Montrêux area with others, I chose to begin selling homes with Dickson Realty, the broker of record at Montreux and one of the most professional real estate companies in the greater Reno, Nevada area. I am happy were I am and would love to help you find a quality, yet affordable home or piece of real estate in Reno or the Montrêux area. Reno living, with its outdoor lifestyle, fresh air, proximity to Lake Tahoe and the Sierras, not to mention Nevada's tax friendly attitude to businesses, make the area one of the best-kept secrets in the United States. Additionally, Montrêux has spared nothing in its goal to make it the best place to live in town, since quality of life usually takes precedence over everything else. Please feel free to contact me for a relaxed, no-pressure meeting if you are interested in buying or selling a home in the Reno, Nevada area. I look forward to meeting anyone interested in real estate opportunities, even if you're uncertain about buying a home. I will listen to your needs and work diligently to find you a home, or steer you in the right home-buying direction otherwise. Please call or email me if you have any questions - I really believe I can make a difference in your search for finding or selling a home. Ms. Louise Natalie Simpson P.S. If you'd like to see a video about Montreux, please see the following clips: YouTube

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