32 Similarly, homestead status is not missing when a debtor leaves the house without having intention of returning but has a good faith intent to reinvest the proceeds of a long run sale of the home in a different homestead.33 However, in Dep’t of Revenue ex rel. Vickers v. Pelsey, 779 So. 2d 629 website (Fla. 1st DCA 2001), resources that a debtor obtained from the business lender and which have been intended to be employed to obtain homestead were not secured underneath the homestead exemption. The court docket pointed out that no sale of a homestead was concerned and, additional, that the residence mortgaged to protected the personal loan was also not homestead.34
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For example, he suggested that, like other states, Florida could require residence owners to pay for back again a number of years worth of tax price savings whenever they started out developing their land. No offer. He recommended necessitating farmland to actually earn cash to qualify for that exemption. No offer.
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