A homestead exemption protects your home against some claims made against you by certain creditors. Prior to July of 1994, this protection was not automatic. In July of 1994, a new law went into effect that generally dispensed with that requirement and made them automatic. An individual or married couple is entitled to only one homestead exemption. It applies to your home, condominium, mobile home and the land on which the mobile home sits. It is limited to $150,000 equity in your home and does not apply to the obligations of mortgages, deed of trust, tax liens and valid liens for labor or materials supplied to the property. It is important to understand Homestead exemptions are automatic, but for those people that own more than one home, the law permits a creditor to require a debtor to designate which home to protect. It is also important to understand that although homestead exemptions are automatic they are not absolute. This office suggests that you contact an attorney for questions regarding homesteads, or your questions may be answered in ARS 33-1101, 33-1102, 33-1103, 33-1104 or 33-1105. This office is not authorized to give legal advice. Information contained in this area of homesteads was taken from a June 29, 1994 article from the Arizona Republic. If you would like to obtain a copy of the article, please contact the Recorder's Office.