Establishes homestead exemption against forced sale for certain persons in debt.

This bill creates a new homestead exemption in New Jersey that protects a homeowner's primary residence from being seized to pay debts, except in criminal cases. It allows owners to shield up to $250,000 of their home's equity, or $500,000 for married couples, from forced sales resulting from court judgments. The protection applies automatically to the home's value without requiring the owner to file any paperwork, and it covers various types of residential properties including houses, condominiums, and manufactured homes. Homeowners can voluntarily give up this protection by officially waiving it in writing, selling the property, or permanently moving out of the state.