Podcast - 086: Why everyone should have a declared homestead

In this episode, realtor Anthony Luevanos and lender Angel Luevanos interview Jorge Mesa from Pacific Coast Title. They cover automatic homesteads, declared homesteads, and why it’s imperative to have both!

Homesteads protect the equity you have in your home from being taken away if you get sued. It makes it much more challenging to force the sale of your home.

In California, automatic homesteads are created automatically if you live in the home you own, and it offers some protection.

You must file for a Declared homestead. Declared homesteads provide an extra layer of protection for up to $600,000 for a married couple or $300,000 for a single individual.

Beware that homesteads do not protect you against everything, including:
- Foreclosure of your home if you miss payments
- A mechanics lien, if filed by an unpaid contractor, subcontractor, laborer, or material supplier
- A judgment for spousal or child support

Here’s how to file a declared homestead:
1. Download this form here or visit the Registrar-Recorder’s website
2. Fill out the form
3. Have the form notarized

Homesteads usually cost about $120, and you can have your realtor, lender, or title rep help you complete the form if you have questions.

Everyone should have a declared homestead! If you do not have one, please let us know, and we’ll help you complete it. It takes a few minutes and can save you up to $600,000!