Homestead protections are a category of real estate laws, which are pretty crucial for the small estate owners.
These laws help them during the economic disturbances, to prevent the complete loss of the property.
Homestead laws in Nebraska state:
According to the Nebraska real estate law, the real estate laws particularly the statutes on homestead protections are as follows:
- These laws fall under the code section 77-3502 taxations and 40-101 judgements of the law.
- The maximum amount of property value that can be designated for homestead protection in Nebraska is $12,500.
- Also the area of land that can be categorized under the homestead protection is 1 acre in the urban centers and 160 acres in the rural areas.