2015 Vermont Statutes
Title 27 - Property
Chapter 3 - Estates Of Homestead
Subchapter 1: GENERAL PROVISIONS
§ 102 Designating homestead in case of levy
§ 102. Designating homestead in case of levy
When an execution is levied upon real estate of the person of which a homestead is a part or upon that part of a homestead in excess of the limitation of $125,000.00 in value, that person may designate and choose the part thereof, not exceeding the limited value, to which the exemption created in section 101 of this title shall apply. Upon designation and choice or refusal to designate or choose, the officer levying the execution, if the parties fail to agree upon appraisers, shall appoint three disinterested freeholders of the vicinity who shall be sworn by him or her and who shall fix the location and boundaries of the homestead to the amount of $125,000.00 in value. The officer shall then proceed with the sale of the residue of the real estate on the execution as in other cases, and the doings in respect to the homestead shall be stated in the return upon the execution. (Amended 1967, No. 287 (Adj. Sess.), § 2; 1995, No. 186 (Adj. Sess.), § 24b, eff. Jan. 1, 1997; 2009, No. 55, § 8.)
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
