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Is my new home which is homesteaded, protected?

Author homesteader1
Participant 

#1 - Posted: 18 Jul 2011 14:43 
I am about to purchase a home outright with cash.

My current house is upside down and don't want to throw money away into it.

If some disaster happens and I lose my job or something and cannot pay the old house mortgage and equity line, is my new homesteaded house protected no matter what if I continue to pay for all bills related to it?

Basically, stop paying for anything related to the old house (mortgage / equity line)

Author johnbsims3
Admin 

#2 - Posted: 18 Jul 2011 14:55 
Yes, as long as the new property is not used as an instrument of fraud, and you are current on your property taxes or mortgage (if applicable), your new home and its equity will be protected.

Questions and Answers Florida Homestead Services -- Florida Homestead Exemption Act MiniBB / Questions and Answers /
Is my new home which is homesteaded, protected?
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