Patent Rights
The patent rights on 201 Crescent Peak Road are assumable and may be had by the new owners.
A land patent is an exclusive land grant made by a sovereign entity with respect to a particular tract ofland. To make such a grant “patent”, a sovereign (proprietary landowner) must document the land grant, securely sign and seal the document (patent), and openly publish the documents for the public to see.
- Source, wikipedia
Homestead Rights
Homestead rights are availaboe for 201 Crescent Peak Road.
"...homeowners can take advantage of what's called a homestead exemption. Basically, a homestead exemption allows a homeowner to protect the value of her principal residence from creditors and property taxes."
- Definition of homestead law, source sfgate.com