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In 2001 the legislature amended Section 196.031 to preclude homestead exemption in the method that has the likely to adversely impact the many retirees with residency in Florida who've 2nd properties somewhere else. Be warned that this is a authentic and current Hazard, whether or not the individual has now been granted Homestead exemption in Florida.
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Next month, partially II, We'll explore further more restrictions about the homestead exemption and proposed federal individual bankruptcy laws that could severely Restrict homestead safety for those debtors looking for to move to Florida to stay away from creditors.
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