32 equally, homestead status just isn't shed any time a debtor leaves the home without having intention of returning but has a great religion intent to reinvest the proceeds of the potential sale of the home in a different homestead.33 having said that, in Dep’t of income ex rel. Vickers v. Pelsey, 779 So. second 629 (Fla. 1st DCA 2001), money that a debtor obtained from a professional lender and which were being meant to be made use of to obtain homestead were not protected under the homestead exemption. The courtroom mentioned that no sale of a homestead was concerned and, even further, which the assets mortgaged to safe the personal loan was also not homestead.34
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if the residence is in or and not using a municipality is of significant importance in identifying the percentage of the debtor’s homestead that could be guarded. As said higher than, Florida’s constitutional safety is usually restricted to the extent of one-50 percent acre Should the home is inside a municipality.
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