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Friday, January 31, 2014

When is a family home not exempt from execution, forced sale or attachment?

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Under Art. 155 of the FC, while the family home shall be exempt from execution, forced sale or attachment, it may not be so except for:

(1) nonpayment of taxes;

(2) debts incurred prior to the constitution of the family home;

(3) debts secured by mortgages on the premises before or after such constitution; and

(4) debts due to laborers, mechanics, architects, builders, materialmen and others who have rendered service or furnished material for the construction of the building.

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