Re: for bob3??
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Posted by Why Chat (209.240.205.61) on June 14, 2004 at 20:00:24:
In Reply to: for bob3 posted by stupidcatballou on June 14, 2004 at 19:13:43:
I think you meant me, as I was the one who posted on the subject. In Fl., if you wish to sell or refinance your home, and there is a judgment lien against it, you file an affidavit of homestead which provides clear title for 180 days to complete the transaction without having to pay off the judgment lien. Tx has a different system. Basically, the proceeds from your sale of homesteaded property are exempted from judgment lien IF you reinvest in another home within 6 Months. If you refinance, it can not be for MORE than was financed at the time the judgment was placed. You would file an affidavit of homestead in Tx if you are refinancing another property for a higher amount. Here is the link to the Tx law.
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