New Jersey Homestead Laws
Most states have homestead protection laws that allow people to stay in a portion of their home, regardless of creditor actions. The idea behind these laws is that no one should be made homeless due to a reversal in financial stature. New Jersey, however, does not offer homestead protections. Instead, New Jersey homeowners who seek homestead protections may do so through the federal government (up to $22,975).
While there are no New Jersey homestead laws, links to relevant articles and resources are provided below. See FindLaw's Real Estate Law section for additional information.
|Code Section||n/a (New Jersey has no homestead laws, but homeowners may apply for federal homestead exemptions)|
|Max. Property Value That May Be Designated 'Homestead'||-
|Maximum Acreage (Urban)||-|
|Maximum Acreage (Rural)||-|
Note: State laws are constantly changing -- contact a New Jersey real estate attorney or conduct your own legal research to verify the state law(s) you are researching.
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New Jersey Homestead Laws: Related Resources