The new Colorado Exemption law protects a mobile home, manufactured home, trailer and trailer coach that you live in on one or more lots that you own as a homestead. Your home and your lot or lots are protected in same amounts as a site-built house on one or more lots. The law specifically refers to a “lot or lots”.
If you have a mobile home, manufactured home, trailer or trailer coach that sits on acreage that you own it is not clear if that is protected as a homestead.
You may also be limited under Federal Law to an exemption of $189,050 if you purchased the mobile home, manufactured home, trailer and trailer coach and land less than 1215 days before you file for bankruptcy.
You should always consult with your attorney to determine what is protected in your situation.
