Massachusetts Enacts New Homestead Law, Expanding Protections
Recently, Massachusetts revised its homestead law to increase the amount of protection for homeowners. There is still an automatic protection of $125,000 in Massachusetts without the need for filing a declaration of homestead with the Registry of Deeds. However, under the revised law, homeowners in the Commonwealth who file a declaration of homestead qualify for protection of the value of the home up to $1,000,000 against unsecured creditors. This is an increase from the $500,000 [...]