Everything about Slide Cash Loophole

32 Similarly, homestead standing is not really lost when a debtor leaves the house with no intention of returning but has a great faith intent to reinvest the proceeds of the long term sale of the home in a different homestead.33 However, in Dep’t of earnings ex rel. Vickers v. Pelsey, 779 So. second 629 (Fla. 1st DCA 2001), cash that a debtor obtained from the commercial lender and which had been intended to be utilized to acquire homestead were not safeguarded under the homestead exemption. The court pointed out that no sale of the homestead was included and, additional, that the property mortgaged to safe the mortgage was also not homestead.34

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future thirty day period, partially II, We're going to explore further limits to the homestead exemption and proposed federal personal bankruptcy laws that might severely Restrict homestead security for all those debtors in search of to move to Florida to stop creditors.

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