re: homestead exemption to WhyChat, experts
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Posted by GF of CA
(4.62.193.210) on November 25, 2003 at 03:38:57:
Hi California's homestead exemption is $75,000
What if my house equity is $130,000 ? Am I more likely to lose my house if I am sued? I can't apply for equity loan to pay cc bills because my full-time job became part-time. I can just enough to pay the mortgage and food. Is there anyway to protect my house from cc debt lawsuit? I am worrying sick to think of losing my house. Do I have to reduce my house equity to below $75,000? California's real estate market is getting hotter & hotter each day, and most homeowners are very happy for it but not me. Please advise.
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