What does homestead mean in real estate?

Real Estate Homestead Law and Legal Definition. Homestead laws were generally designed to protect the home from creditors, provide the right of occupancy given to a surviving spouse, minor children, and unmarried children of a deceased owner and also afford reduced property tax treatment. When people use the term "homestead exemption" they may be referring to the tax exemption or reduction, or the exemption from debts or execution for the payment of debts.

What does it mean to Homestead Your House?

The theory of homesteading is to protect “your homestead amount (equity amount)” on your primary residence from a forced sale for the benefit of unsecured creditors.

What does the name Homestead mean?

What does it mean to homestead? Well, by definition, I don’t believe we are really using the word properly. An actual homestead is just the place of one’s residence. Let’s look at how we use the word today, and what it really means to us. This post may contain affiliate links. A Homesteading Series