Blog Archives

Homestead Benefits and Protections

What protections do I receive from having a homestead in Florida?

For starters, creditors cannot put a lien on your homestead property or take your homestead property to recoup a debt. As with anything else in the law, there are exceptions to this rule e.g., lender forecloses on your mortgage (O.J. Simpson learned this one the hard way), county sells your home at a tax deed sale, contractor puts a lien against your home for work or materials expended there, and in some situations not paying your federal income tax. Read the rest of this entry

Florida Homestead Requirements – New Home Buyers

“If the gloves don’t fit, you must acquit!” These famous words were uttered by O.J. Simpson’s attorney during his criminal trial in 1995. As we’re all aware, Simpson was acquitted of the criminal charges, but subsequently found liable in civil court to the tune of almost $40 million! So what does an alleged killer do in a situation like that? He runs to Florida as quick as he can to buy the biggest and most expensive house that he can afford! I don’t blame him and neither should you. (For taking advantage of Florida’s Homestead laws of course!) Read the rest of this entry