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What is a homestead waiver?

In: Liens, Deeds and Ownership, State Laws [Edit categories]

Answer:

Generally, a waiver is a clause in a mortgage whereby you waive your right to your homestead protection as to that mortgage. A borrower should request that language be added to make it clear the protection is being waived as to only that mortgage.

First answer by Kluss. Last edit by Kluss. Contributor trust: 701 [recommend contributor ]. Question popularity: 5 [recommend question].

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