North Dakota Homestead Declaration - Couple
This North Dakota Declaration of Homestead for married couples is available for immediate download. A homestead declaration protects a homeowner from losing their home to satisfy a judgment of a creditor.
Homestead laws were designed to protect homeowners from losing their principal residence to satisfy the judgment of a creditor. If a creditor sues you in court and you lose, the creditor will then obtain a judgment for the amount owed. If you fail to pay this judgment, the creditor can then collect by garnishing your wages or in certain cases, having your home sold in order to satisfy the judgment. Homestead laws protect a certain amount of equity in your home from being taken in order to satisfy a judgment.
In North Dakota homestead exemptions are limited to $100,000 in value. It is advisable to record a homestead declaration prior to an occurrence but in certain instances it is also possible to make a declaration of homestead after a lien has attached. It should be noted that homestead exemptions do not apply or protect a person’s home equity in certain situations. A North Dakota Declaration of Homestead does not apply for payment of debts secured by certain types of construction liens or debts secured by the mortgage.
This North Dakota Declaration of Homestead for a Married Couple contains the following provisions:
Protect your Rights and your Property by using our professionally prepared up-to-date forms.
This attorney-prepared packet contains:
In North Dakota homestead exemptions are limited to $100,000 in value. It is advisable to record a homestead declaration prior to an occurrence but in certain instances it is also possible to make a declaration of homestead after a lien has attached. It should be noted that homestead exemptions do not apply or protect a person’s home equity in certain situations. A North Dakota Declaration of Homestead does not apply for payment of debts secured by certain types of construction liens or debts secured by the mortgage.
This North Dakota Declaration of Homestead for a Married Couple contains the following provisions:
- Parties: Identifies the parties involved in the homestead declaration;
- Property Location: Sets forth the address and the legal description of the property;
- Declaration: States that the property is the family's principal residence;
- Value of the Premises: Sets forth the estimated cash value of the premises;
- Signatures and Notary: The declaration must be signed by both spouses in front of a notary public.
Protect your Rights and your Property by using our professionally prepared up-to-date forms.
This attorney-prepared packet contains:
- Instructions and Checklist
- General Information
- Step-by-Step Instructions
- Declaration of Homestead for Married Couples for use in North Dakota
Number of Pages9
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#39150