Differences Between HOA Liens and Condo Association Liens on Homestead Property

Jon Alper Homestead Exemption

A reader sent me a question about liens on homestead properties in favor of condominium associations compared to liens in favor of homeowner associations in a single family house community. Condo associations and HOAs can place a lien on a homestead for non-payment of dues or unpaid assessments. The reader had read somewhere that these types of liens expire after …

Homestead Account Funds Intended For New Home Improvements

Jon Alper Homestead Exemption

Money from the sale of a Florida homestead is exempt in a bank account if owner is saving the money to buy a replacement homestead. One of my clients wanted to know if money remaining in the account after the purchase of a replacement homestead remains protected if the homeowner is holding the funds to make required improvements to the …

Homestead Benefits Under Condominium Termination Statute

Jon Alper Homestead Exemption

A client wanted to know if his condominium qualified as Florida homestead in an action to terminate a condominium association. Under a  Florida condominium statute an owner who resides in a condo unit as his homestead has rights to increased compensation. My client does not reside in the condo unit, nor does he reside in Florida. The question was whether …

Homestead Exemption of Triplex in The County

Jon Alper Homestead Exemption

One of my clients wanted to protect cash from a judgment creditor by buying a triplex outside of a city and living in one of the units. The question was whether rental of two units in a building located in the county would disqualify all or part of the building from the Florida homestead exemption.

Homestead Account Exemption When Moving To Another State

Jon Alper Homestead Exemption

A client is planning to sell her Florida homestead and move to Texas where she would buy a new homestead property. She wants to know if sales proceeds from the Florida homestead is exempt in a segregated bank account while she is looking for a house in Texas. Texas also has unlimited homestead exemption.

Homestead Proceeds Invested In Marketable Securities May Be An Exempt “Homestead Account.”

Jon Alper Homestead Exemption

The concept of a “homestead account” is well established in Florida. Proceeds from the sale of a Florida homestead property remain exempt for a reasonable time while the homeowner searches for a replacement homestead. The homestead account most often refers to a separate bank account where the owner deposits the sale proceeds. Is protection lost if the owner invests the …