How do you go about putting your house in a homestead, and what exactly does it do?
If you're talking about a homestead exemption, I think it depends on each state, but generally you file for a homestead exemption with the appropriate government entity (state, county, local). What this does is protect your home from a forced sale if you have a judgment or other creditors going after you.
I'm sure there are more experts here about this, but I hope that helps a little.
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