Procedures for What the Law Provides
When you record a Declaration of Homestead, Nevada law protects the equity in your home up to $605,000 from general creditor claims (unpaid medical bills, bankruptcy, charge card debts, business/personal loans, accidents) but would not preclude a seizure or forced sale of your residence from general creditors if your equity exceeds the $605,000. A creditor may file suit and can record a judgment lien against any real property you own. Recording a Declaration of Homestead protects your principal residence up to the statutory maximum. For example, if the value of your home is $645,000 and you have a first mortgage of $485,000 plus a second mortgage of $10,000, the equity is $150,000.
What is not Protected
The Homestead law does not protect you against debts secured by a mortgage or deed of trust, payment of taxes, IRS lien, mechanic's lien, child support or alimony payments.
Source: Clark County, NV Recorder
File a Homestead
THE HAYNES CO. will prepare and file your Declaration of Homestead with the Clark County Recorder's Office.
THE HAYNES CO. will provide you with a a file stamped Declaration of Homestead and receipt from the Clark County Recorder's Office.
THE HAYNES CO. will provide you with a copy of the Clark County Assessor's online record of your Homestead if it is available immediately after filing.