ExemptionsDeclared Homesteads
Section § 704.910
This California law section defines key terms related to a declared homestead. A 'declared homestead' refers to a dwelling officially described in a homestead declaration. The 'declared homestead owner' includes anyone with an ownership interest in the homestead named in the declaration, as well as declarants from before July 1, 1983, and their spouses. 'Dwelling' means almost any real property interest except short-term leases and certain trust interests. A 'homestead declaration' covers both newer and older recorded homestead declarations. The term 'spouse' is defined as per another section specifically mentioned.
Section § 704.920
If you live in a home you own, or your spouse does, you can make it an official homestead. To do this, you need to file a form called a homestead declaration at the county recorder's office where the house is. Once filed, your home is considered a declared homestead.
Section § 704.930
This law section explains what needs to be included in a homestead declaration. It requires the names of the owners, a description of the property, and confirmation that it is their main home. The declaration needs to be signed and acknowledged like a property document by either the owner, their spouse, or someone authorized to act for them, like a guardian or someone with power of attorney. The person signing must confirm that the information is true and state their authority if they are not the owner or spouse.
Section § 704.940
This law says that if you officially declare your home as a homestead, it doesn’t stop you from selling or putting a mortgage on it. When recorded correctly, this declaration serves as initial proof of what it claims and even acts as absolute proof for honest buyers or lenders who pay fairly.
Section § 704.950
This law explains when a judgment lien can or cannot attach to a homestead (a person's primary residence). If someone has declared their homestead in legal paperwork before a judgment lien is filed, the lien can't attach to the home unless it's for things like support payments (child, family, or spousal). Even if a judgment lien is filed, it only applies to any value left after all other liens and a specific homestead exemption amount have been deducted.
Section § 704.960
If you sell your home, the money you make from the sale is protected from creditors for six months. If you use this money to buy another home within those six months, you can declare the new place as your homestead. This needs to be done by filing a homestead declaration within the six-month period, and it will be as if you declared it at the time you did for your previous home.
Section § 704.965
This law explains how the amount of a property owner's homestead exemption is calculated if there's a change in the law. If you recorded your homestead claim before the law was updated to increase the exemption amount, you might qualify for the larger exemption. However, if someone has already put a lien on your property before the law change, you don't get the increased exemption; you stick with the old amount.
Section § 704.970
This law says that whether you've officially declared your home as a homestead or not, it doesn't change someone's ability to seize your property if they have a legal order to collect a debt. If someone is trying to take your house to pay off a debt, they have to follow specific rules laid out in another part of the law. Both the person who owes money and the person owed have certain rights under those rules.
Section § 704.980
You can give up your declared homestead by filing a declaration of abandonment. This needs to be done in the same way you would transfer ownership of real property, and it must be signed by the homestead owner or someone authorized to act for them. If someone else signs on behalf of the owner, they need to say they have the authority and explain why. This declaration only affects the ownership of the person who signs it, not anyone else who might have rights to the property.
Section § 704.990
This law explains how a declared homestead can be considered abandoned if the owner or someone acting for them files a new homestead declaration on a different property. However, if the new declaration includes parts of the property from the previous homestead, and the old one is still valid, it won't count as abandonment of the previous homestead.
Section § 704.995
This law ensures that if a person with a declared homestead dies, the protection from creditors continues for their main home as long as certain family members, like a surviving spouse or family member, inherit the property. This protection applies no matter who owned the home with the deceased or if the inheriting family members were not declared owners before the death. The specific exemption amount is figured using another law section, 704.730, based on the situation when needed.