Ohio like other states in US has a specific set of real estate property and civil laws.
Homestead protection laws are a type of real estate property laws,
which are developed to offer protection to the small property owners from the creditors during the economic changes.
An overview of the statutes:
Some of the aspects about the homestead protection laws of the state Ohio are as follows:
- These laws are developed to protect the ancestral property and can be found under the code section 2329.66 of the Ohio real estate laws.
- A maximum property value of $5,000 can be designated as a homestead protection amount by an individual.