Suing someone and the box that said “Homestead exemption waived” was marked as “YES”. What does that even mean? Google is confusing
In: Economics
a homestead exemption is typically applied to your primary residence. Usually for tax purposes but also provides other legal protections.
If this is waived, it means the property is not homesteaded. Could be a few reasons for that, but you don’t really offer much detail here.
What’s the lawsuit? Are you a contractor and you’ve done work at a property or something and are suing the owner? If it’s not the owner’s primary residence, they can’t homestead it so it’s not protected the same as the house they own and actually live in.
Could also just mean someone filled out something wrong. Ask a lawyer.
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