Does Colorado have a homestead provision to protect your primary residence from legal actions?
Full Question:
Does Colorado have a homestead provision to protect your primary residence from legal actions?
01/31/2007 |
Category: Real Property ยป Liens |
State: Colorado |
#1279
Answer:
Colorado statute 38-41-201 provides:
Every homestead in the state of Colorado occupied as a home by the owner thereof or his or her family shall be exempt from execution and attachment arising from any debt, contract, or civil obligation not exceeding in value the sum of forty-five thousand dollars in actual cash value in excess of any liens or encumbrances on the homesteaded property in existence at the time of any levy of execution thereon.
