Suppose I have more equity in my home than allowed by the statutes, what are the procedures if there is a judgment against me?
A judge normally will appoint appraisers who will determine the value of the property, your equity in it and whether the property can be divided in such a way as to protect your home while paying your judgment creditors. If such a division proves to be impractical, the property will be sold and you will receive the allowed limit from the sale under homestead rights in the state you reside, which cannot be seized to pay the judgment.
