Can I record a declaration of Homestead for my 3 family in Brookline?

Additional Information:

I own a three family home in Brookline, Massachusetts and I want to record a declaration of homestead. I live in one of the units and rent out the other two. Can I do that? Will the declaration of homestead be effective? Does it matter that I live in the home?

ATTORNEY ANSWER:

As an owner occupant you may file a declaration of homestead, which will provide protection from creditors.  The declaration of homestead will not reduce the amount you may owe a creditor, but will protect you from being evicted from your residence to satisfy a debt during your lifetime.

Our Brookline Real Estate Attorneys serve Brookline and the Boston Metrowest area including the towns and cities of:  Belmont, Watertown, Waltham, Weston, Newton, Wellesley and Needham.