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Current Foreclosure Discussion Foreclosures Discussion Archive 5



Re: Homestead Exemption?


Posted by Nick(Colorado) on December 03, 2002 at 18:30:27:

In Reply to: Re: Homestead Exemption? posted by njdave on December 03, 2002 at 14:49:09:

NJDave:

I think that this question is not really a homestead question.
I think that the wife was on title, and may have signed and/or
recorded a statement of homestead. I do not think that Illinois
is a community property state, but the wife may have automagicly
attached to the property, or the homestead, at some time in the
past. If the husband did not get a QC as part of an agrement
(divorce or otherwise) then she may be required to do some type
of homestead release. Either way, he needs to talk with an
Illinois based realestate attorney.

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