| Wicked Local
Register of Deeds William P. O’Donnell recently reminded Norfolk County homeowners about the importance of filing for Homestead protection.
“If you own a home, and it is your primary residence, one way to protect it is to file a homestead,” O’Donnell said. “The Homestead law provides a homeowner with limited protection against the forced sale of their primary residence to satisfy unsecured debt up to $500,000. This is especially important when you consider that for most of us, a home is our most valuable asset.”
Another feature of the Homestead law is the allowance for a filing of an Elderly Homestead application, which defines an elder as a person who is 62 years of age or older. This protection can be increased if the elderly couple are each 62 years of age or older and file jointly.
“Back in March of 2011, the Homestead law was updated so that a valid homestead cannot be terminated when refinancing a mortgage,” O’Donnell said. “Other changes that took place back in 2011 state that a homestead can provide protections for a primary home even if it is kept in trust. The definition of a primary residence was also further expanded to include a manufactured or mobile home.”
While a homestead provides protections for homeowners, there are certain debts that are exempted from protection under the Homestead Act. These include federal, state and local tax liens, as well as mortgages contracted for the purchase of a primary home and nursing home liens. Most other mortgages, debts and encumbrances existing prior to the filing of the Declaration of Homestead, along with probate court executions for spousal and child support, are also not covered under the homestead protection statute.
Homestead documents are recorded at the Registry of Deeds for a state imposed fee of $36. Additional information about the Homestead law, and free applications are available on the registry’s website, http://norfolkdeeds.org.
“I want to reiterate that a homestead provides limited protection against the forced sale of a homeowner’s primary residence to satisfy unsecured debt up to $500,000,” O’Donnell said.”While the debt is still owed, homeowners can have peace of mind knowing that with a homestead recorded at the Registry of Deeds, their primary residence cannot be forcibly sold to satisfy most debts. If you have any questions about a Homestead, please contact our customer service center at 781-461-6101, Monday through Friday between the hours of 8:30 a.m. to 4:30 p.m. Our trained professionals are more than willing to answer any questions you may have.”
To learn more about these and other Registry of Deeds events and initiatives, like them on Facebook at http://facebook.com/NorfolkDeeds, follow them on Twitter at http://twitter.com/NorfolkDeeds or on Instagram at Instagram.com/NorfolkDeeds.
The Norfolk County Registry of Deeds is located at 649 High St., Dedham. The registry is a resource for homeowners, title examiners, mortgage lenders, municipalities and others with a need for secure, accurate, accessible land record information. All land record research information can be found on the registry’s website, http://norfolkdeeds.org.
Residents in need of assistance can contact the Registry of Deeds Customer Service Center via telephone at 781-461-6101 or email firstname.lastname@example.org.