You need to know – What are homestead rights?

YouNeedToKnowWeb500A homestead is defined in the Florida constitution as any real property owned by the head of a household  who resides in it

In the case of married couples, either spouse can claim to be head of household

Homestead property is exempt from the forced sale to satisfy personal judgements such as credit card and personal loans as well as being excluded from bankruptcy assets available to creditors

However, homestead property can be foreclosed for debts that relate to the property (such as mortgage loans)

Homestead property is limited to one half of one acre if located within a municipality or 16o contiguous acres if outside a municipality

The homestead tax exemption is a benefit provided by the State of Florida rather than a right