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On Feb 3, 1:43*am, wrote:
On Fri, 1 Feb 2008 15:37:40 -0800, "Calif Bill" wrote: Homesteading may not save your house. *Most houses in metro areas of Calif are worth more than the homestead act protects. *Otherwise, you can go out and lie and get a loan for a $20mm house and then declare BK and own the house. Florida But there may be a maximum value protected even in Florida. Nope, that is why OJ lives in Miami My bud bought 5+ acres in N Florida, right off the intersection of 10 and 75 a few years back for 11 grand... a similar lot sold last week nearby for 60 grand.. He is pretty excited.. For now he is just putting up a place for vacations, but someday he will probably split off a little piece and pay some bills.. |