The Single Best Strategy To Use For Slide Cash Loophole
The Single Best Strategy To Use For Slide Cash Loophole
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32 equally, homestead status just isn't missing any time a debtor leaves the home with no intention of returning but has a great religion intent to reinvest the proceeds of a long term sale of your home in a whole new homestead.33 having said that, in Dep’t of income ex rel. Vickers v. Pelsey, 779 So. second 629 (Fla. 1st DCA 2001), funds that a debtor obtained from a business lender and which were being intended to be employed to acquire homestead were not safeguarded underneath the homestead exemption. The courtroom observed that no sale of the homestead was involved and, additional, the house mortgaged to secure the financial loan was also not homestead.34
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