Quote:
Originally Posted by Papa_Complex
Actually if you do a search, as I stated it appears that the term "homesteader law" has been co-opted to now mean a group of laws that are intended to help a spouse retain ownership of a home, rather than it being foreclosed upon and sold off to satisfy debts, when the spouse who is the owner of record dies.
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It is innacurate, but people definately use the term that way. The accurate term is (if I remember) a homestead exemption. There are all kinds of exemptions (tools, clothing, vehicle, etc.) and exemption ammounts depending on the state. It is the reason why OJ Simpson still has his house in Florida.
Quote:
Originally Posted by Papa_Complex
Certainly not but nice parcels along a river, for example, could start to be taken. It would piss me off no end to find out that the best sections of land that I owned had essentially been stolen by someone.
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I agree, but the logic is if you can't take the affirmative step of checking that land once every 20 years, while someone else has done something beneficial with it for a long period of time, they deserve it more than you.
