— Also termed homestead exemption; homestead-exemption statute; homestead right. [Cases: Homestead 1, 118.]
“Almost all states also have legislative provisions, commonly referred to as homestead laws, designed to protect the family home from the reach of certain classes of creditors…. The protection afforded by an exemption statute is not absolute. A federal tax claim may be satisfied from ‘exempt property.’ A number of states make similar exceptions for state taxes, claims for alimony and child support, materialmen and mechanics’ liens. By statute in most states, case law in others, purchase money mortgages and security interests are generally not affected by an exemption statute.” David G. Epstein & Steve H. Nickles, Consumer Law in a Nutshell 384–85 (2d ed. 1981).
