How does the Homestead exemption law protect my property and equity?
If you own or move to a new home in Florida you should immediately file for a new Homestead Property Tax Exemption, as well as a Homestead ‘Asset Protection’ Exemption, or a new claim to set apart your newly purchased home. Your property will then be immediately protected from fines, most liens, judgments, creditors, code enforcement liens, or any other type of encumbrance other than the three exceptions mentioned above, but you must make the claim of homestead before any judgment lien or levy to be protected and to save lots of money on court costs and attorney’s fees. You can also make the claim after a judgment or levy, but the process is much more difficult and costly to defend in court. Whatever kind of residence a person owns, their investment and equity in their primary residence cannot be seized by any creditor for any reason, but only if the residence is properly claimed as their homestead previous to an encumbrance. Furthermore, some kinds of debts must be honored with or wit
