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According to terms enacted within the Wisconsin Homestead Exemption Act,
the maximum value allowed for a primary residence is $40,000 for a
single person, or $80,000 for a married couple, for purposes of
protecting homes from the enforcement of judgments, tax lien attachment,
or seizure during a bankruptcy proceeding. Proceeds from the sale of a
primary residence remain exempt under the same terms of law, for a
period of up to two years, or until alternate an homestead is purchased,
whichever period of time is less. The Wisconsin homestead exemption law
also allows for predictable exceptions to coverage, in that mortgage
liens, tax assessments and tax lien attachments, and mechanic liens
remain enforceable against the family home.
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