Homestead protection laws are a kind of Pennsylvania real estate laws and
are designed to offer protection for the small owners and ancestral properties from the creditors.
All about homestead laws:
Some information about Pennsylvania homestead laws, which are a kind of real estate laws, is as follows:
- It is a real estate property law and is placed under the code section Tit. 42 § 8123, Tit 72 § 4751-3, in the state’s real estate laws.
- A maximum property value of $300 can be designated for the homestead protection.
- The amount differs with the age of the individual, i.e.,
for a senior citizen an amount of about $15,000 can be designated for the purpose.