I am getting ready to sign a legal note to pay back a loan from a friend. His attorney drew up the papers and included this clause, " The Maker of this obligation hereby expressly waives the benefit of the Homestead Exemption".
My 72 year old mother is the primary deed holder of our house. How will signing this affect our real estate interests if I were forced to default on this note? (ie. lost job, became disabled, etc).
Thank you for any advice!!
My 72 year old mother is the primary deed holder of our house. How will signing this affect our real estate interests if I were forced to default on this note? (ie. lost job, became disabled, etc).
Thank you for any advice!!
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