Talk:Homestead exemption

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Merged in info from Homestead (law) article written by Rj. -- BD2412 talk July 9, 2005 16:30 (UTC)


In Florida a tv attorney says even the sales procedes from a homestead are exempt if the procededs are used to by another house. Is this correct?

In Florida, this is correct but only for purchase of another Florida homestead property, and for a limited time. If you don't sink the proceeds into a new homestead within a 'reasonable' time, the proceeds lose homestead exemption status. I don't know what the law might be in any other states. bd2412 T 18:54, 15 December 2006 (UTC)

[edit] Regarding Texas claim

I'm pretty sure that Texas requires an application for a homestead exemption (see FAQ[1] and sample application[2]). Whether or not the application process is simply a formality--who knows? Ufwuct 03:54, 7 July 2006 (UTC)

[edit] How to apply for exemption

I live in Arizona and after learning about this Homestead exemption and also for the fact that Americans love to sue, I like to know how to apply in Arizona. Please advise.

Thanks.


So ummm, if a lien is created it becomes payable upon sale of the property, the death of the owner, or? ... accrueing(sp?) interest all the while?

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