Chapter 510 — Homesteads

510.01 Homestead Defined; Exempt; Exception Defines the homestead as the house and land a debtor owns and lives in, and makes it exempt from seizure or sale to … 510.02 Area and Value; How Limited Sets the maximum size and value of a homestead exemption: up to 160 acres with a value cap of $510,000 for most homes, … 510.03 Existing Exemption Not Affected by Changes Protects homestead exemptions from being reduced or enlarged by changes in the surrounding area. Population shifts, … 510.04 Title May Be in Either Spouse; Equitable Title Exempt Allows the homestead title to be held by either spouse, and the exemption protects against debts of either or both … 510.05 Limitations Lists the types of claims that are not blocked by the homestead exemption. The exemption does not protect against lawful … 510.06 Exemption Not Lost by Death or Desertion Preserves the homestead exemption after the owner's death or desertion. If the owner dies, the surviving spouse or minor … 510.07 Sale or Removal Permitted; Insurance Proceeds; Notice Allows a homeowner to sell the homestead and keep the sale proceeds exempt from most creditors for one year. Insurance … 510.08 Selection After Levy Describes what happens when a creditor levies on property that exceeds the homestead limits. If the property exceeds the … 510.09 Selection, How Made Specifies the rules for selecting which portion of a larger property qualifies as the exempt homestead after a levy. The …