Peace of Mind = $35

The question I asked several attorneys: Do you have to record a new Declaration of Homestead everytime you refinance?

Surprisingly we have a split decision…some say NO & some say YES. So who’s right? I don’t know about you but I have better things to do with my time than see if anyones ever brought this before the courts. For the cost of $35.00 you can have the peace of mind that your homes equity is protected under the Declaration of Homestead Act. Personally, I happen to agree with the attorneys that say you DO have to record a new Homestead each time as most lenders have language in their documents which void your rights under any previously recorded Declarations of Homestead. At the end of the day, it is simply a no-brainer…spend $35 for peace of mind!