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Statutes

"There is a homestead exemptom from judgment liens and from execution or forced sale, except as provided in sections 40-101 to 40-116. The homestead may not exceed $120,000 in value and includes the dwelling house in which the claimant resides, its appurtenances, and the land on which the same is situated, not exceeding 160 acres of land, to be selected by the owner, and not in any incorporated city or village, or, at the option of the claimant, a quantity of contiguous land not exceeding two lots within any incorporated city or village. NEB. REV. STAT. § 40-101.

The homestead is subject to execution or forced sale in satisfaction of judgments obtained on debts secured by mechanics', laborers', or vendors' liens upon the premises and on debts secured by mortgages or trust deeds upon the premises executed and acknowledged by a claimant. NEB. REV. STAT. § 40-103 "

Cases

Roberts v. Shriners Hospital for Crippled Children, et al., 264 N.W.2d 865 (Neb. 1978); Travelers Ins. Co. v. Nelson, 546 N.W.2d 333 (Neb. 1996).

Comments

None.

Contributors

Sean Gillen, Esq.

The statutory information was edited and reviewed with the support of MultiState

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