Escrow & Title
In California, a homestead declaration provides protection from forced sale by unsecured creditors up to what maximum amount for a single person?
A$75,000
B$100,000
C$300,000 or the countywide median home sale price, whichever is greater✓ Correct
DThe full value of the home in all cases
Explanation
As of 2021 (AB 1885), California's homestead exemption was significantly expanded. The homestead exemption amount is the greater of $300,000 or the countywide median home sale price, but not to exceed $600,000 (adjusted for inflation). This protects that amount of home equity from forced sale to satisfy most unsecured judgments.
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