Difference between revisions of "Homestead in Maine"

Latest revision as of 09:45, 5 July 2018

Overview

Bankruptcy

Judgement Execution

Maine does offer exemption on real property from execution of civil money judgments that attach to the primary residence of the debtor. The actual rules and exceptions are somewhat complicated and require a thorough review of the statute. See 14 MRSA 4422. If a property subject to an attachment protected by the exemption is sold, the seller must use the proceeds of sale to buy a new primary residence within six (6) months of the date of sale to maintain the exemption for the property.

Marital Rights

See Marital Rights in Maine.

Real Property Taxes

See Real Property Taxes in Maine.

Cross-References

Maine

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 ===Judgement Execution===
-Maine does offer exemption on real property from execution of civil money judgments that attach to the primary residence of the debtor.  The actual rules and exceptions are somewhat complicated and require a thorough review of the statute.  See [http://www.mainelegislature.org/legis/statutes/14/title14sec4422.html | 14 MRSA 4422].  If a property subject to an attachment protected by the exemption is sold, the seller must use the proceeds of sale to buy a new primary residence within '''six (6) months''' of the date of sale to maintain the exemption for the property.
+Maine does offer exemption on real property from execution of civil money judgments that attach to the primary residence of the debtor.  The actual rules and exceptions are somewhat complicated and require a thorough review of the statute.  See [http://www.mainelegislature.org/legis/statutes/14/title14sec4422.html 14 MRSA 4422].  If a property subject to an attachment protected by the exemption is sold, the seller must use the proceeds of sale to buy a new primary residence within '''six (6) months''' of the date of sale to maintain the exemption for the property.
 ===Marital Rights===