does arizona have homestead exemption
Answer: The amount of the homestead exemption in Arizona is now $150,000. This homestead exemption is automatic and protects equity in the home up to $150,000. In other words, there is no longer any separate paperwork required, and the homestead exemption will limit the enforcement of the judgment lien by your bank. Most banks or other creditors will not foreclose their judgment lien unless there is significant equity in the home above the $150,000 homestead exemption.