protected equity

Massachusetts Homesteads Cannot Be Attached

05/27/13

It’s obvious, in hindsight.  If home equity is protected by a Massachusetts homestead, then a creditor should not be able to put a pre-judgment attachment lien on that home equity.

(A Massachusetts homestead automatically protect $125,000 of home equity from creditor  liens. It protects $500,000 of home equity if there is a recorded declaration.  It gets complicated with multiple owners.)

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