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Old 09-24-2012, 01:38 PM
 
2,420 posts, read 4,370,522 times
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I just got one of these in the mail. I do not want to change residency quite yet, until I know my son will be able to get insurance in Nevada. Depending on how the election goes, the new guaranteed health care is not a done deal yet. So that being the case, I guess I need to hold off on filing this till I officially surrender our Florida licenses and declare Nevada as our residency, which I could do in 2013 if all goes well.
Am I right in assuming I need to wait to file it?
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Old 12-04-2013, 03:26 AM
 
371 posts, read 940,885 times
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does it protect you from future lawsuits? it doesn't say anything about it in the gov site
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Old 05-07-2016, 09:47 PM
 
1 posts, read 699 times
Reputation: 10
do any of you have pictures of the 2 different forms that they sent you? i was an idiot and did the first form and sent them a check. and now i don't remember what exactly i had to fill out on the form and am nervous that i may have had to put my social security number on it and its bothering me. my girlfriend and i had such a difficult time with our lender and him sending us the paperwork that it seemed like someone forgot this form so i just signed it because it seemed official.
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Old 05-07-2016, 10:02 PM
 
645 posts, read 707,115 times
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Quote:
Originally Posted by Buzz123 View Post
They come out of the woodwork when you buy a house. You can do it yourself for $14.00. Here's the Clark County site for the form. Homestead Information

WHAT THE LAW PROVIDES: When you record a Declaration of Homestead, Nevada law protects the equity in your home up to $550,000 from general creditor claims (unpaid medical bills, bankruptcy, charge card debts, business/personal loans, accidents) but would not preclude a seizure or forced sale of your residence from general creditors if your equity exceeds the $550,000. A creditor may file suit and can record a judgment lien against any real property you own. Recording a Declaration of Homestead protects your principal residence up to the statutory maximum. For example, if the value of your home is $645,000 and you have a first mortgage of $485,000 plus a second mortgage of $10,000, the equity is $150,000.


WHAT IS NOT PROTECTED?

The Homestead Law does not protect you against debts secured by a mortgage or deed of trust, payment of taxes, IRS lien, mechanic's lien, child support or alimony payments.


how long until it's recorded? do you get something after it's recorded?

I don't see lawsuits, but I guess it falls in the category of accidents so it's covered I guess?





Quote:
Originally Posted by rglenn2009 View Post
do any of you have pictures of the 2 different forms that they sent you? i was an idiot and did the first form and sent them a check. and now i don't remember what exactly i had to fill out on the form and am nervous that i may have had to put my social security number on it and its bothering me. my girlfriend and i had such a difficult time with our lender and him sending us the paperwork that it seemed like someone forgot this form so i just signed it because it seemed official.
there are 2 forms ? I found this and it's only 1 form Homestead Law

Last edited by LVguy; 05-07-2016 at 10:27 PM..
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Old 05-08-2016, 06:04 AM
 
638 posts, read 594,248 times
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Can a company do a homestead declaration or just individuals?
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Old 05-08-2016, 09:27 AM
 
Location: Las Vegas
561 posts, read 681,522 times
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Quote:
Originally Posted by hotjambalaya View Post
Can a company do a homestead declaration or just individuals?
Companies can't make a Declaration of Homestead on their own behalf. You can pay someone to do it for you, but that's silly.
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Old 05-13-2016, 04:14 PM
 
Location: Las Vegas nv
1,051 posts, read 1,486,047 times
Reputation: 375
I can't remember if I paid anything to file, but all you need otherwise is to have the form notarized. Can't beat the price, for any level of protection.
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Old 05-13-2016, 06:41 PM
 
1,828 posts, read 5,313,645 times
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Quote:
Originally Posted by localinsight View Post
I can't remember if I paid anything to file, but all you need otherwise is to have the form notarized. Can't beat the price, for any level of protection.
$17 filling fee. I went to my credit union and got the money order and notarization done at the same time

Quote:
Originally Posted by WWW.clarkcountynv.gov
4. The recording fee is $17.00 for the first page and $1.00 per page for each additional page. Acceptable forms of payment are: cash (in person only); money order; credit card (Visa, MasterCard, Discover, or American Express) or company check with contact information. Credit card orders are not accepted by phone or through the mail
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