If my house has a homestead exemption can I still lose my house in a foreclosure?

Yes, you can always lose your home if you are not making mortgage payments. If you are concerned about your homestead, that means you potentially have equity in your home. So, if you ever start missing payments on your home, on your mortgage payments, and you have equity, you need to contact somebody right away and find out your rights. We can discuss your options – whether it’s best to sell the home and take what equity now before you lose it, or do we put you into a chapter 13 bankruptcy and protect equity in your home and allow you to caught up on your mortgage payment. But just don’t sit there and let it go to foreclosure.