reassignment of homestead


reassignment of homestead
The practice under the statutes of many of the states of the Union fixing a maximum for the value of real property which shall be exempt from levy and sale under execution, of causing the homestead to be selected or assigned again, that is, reassigned, where the homestead originally assigned has so increased in value as to exceed in value the limit fixed by the statute. 26 Am J1st Home § 44.

Ballentine's law dictionary. . 1998.

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