The best Side of Slide Cash Loophole
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32 equally, homestead status is just not lost each time a debtor leaves the house without intention of returning but has an excellent religion intent to reinvest the proceeds of the long term sale of your home in a new homestead.33 nevertheless, in Dep’t of income ex rel. Vickers v. Pelsey, 779 So. 2d 629 (Fla. 1st DCA 2001), cash that a debtor received from a commercial lender and which were being meant to be employed to accumulate homestead weren't safeguarded beneath the homestead exemption. The courtroom noted that no sale of a homestead was concerned and, further, which the assets mortgaged to secure the personal loan was also not homestead.34
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