"Wildcard" in CA?

[AllMyFault]

If you take the 75k 'homestead' exemption in an attempt to keep a primary residence are you entitled to any other exemptions? I'm still trying to figure out a way to keep my motorhome...it has no equity.

[albacore44]

If you take the 75k 'homestead' exemption in an attempt to keep a primary residence are you entitled to any other exemptions? I'm still trying to figure out a way to keep my motorhome...it has no equity.

in Ca you have to use system 1 or 2, not both, so if your using system 1 to protect your home equity, you cant use the wild card in system 2. My mortgage is underwater, so i have no equity, therefor i'm using system 2 to protect my toyhauler

[AllMyFault]

in Ca you have to use system 1 or 2, not both, so if your using system 1 to protect your home equity, you cant use the wild card in system 2. My mortgage is underwater, so i have no equity, therefor i'm using system 2 to protect my toyhauler

Oh Okay..
In System 1 are their any other allowed exemptions or is the Homestead exemption the only one?

Thanks!

[albacore44]

yes, but nothing you could protect a motorhome with. you should talk to an attorney, but you are probably Sol because you have home equity to protect.