florida house question

[eastorangefeet]

hi yall this here is my problem....I live in Florida and am a little confused after looking around here for my answers.I have a home that I would like to keep...with the first and second I owe around 110,000 and my tax value on it is about 125,000 but here is where it gets tricky homes of equal stature are for sale around 95,000-100,000 but are not even selling at that rate, when two years ago they were fling at 180,000. But my main question here is if i can keep my house after all this goes thru or are they going to try and take it from me? I have seen you can have 40,000 in equety and i have seen unlimited in equity just like to get the heads up before i go head first. thank you for your insite

[keepmine]

Fl. has an unlimited homestead exemption.

[eastorangefeet]

thank you thats just what I needed to hear that will get my wife off my back about this thing....what a mess

[JRScott]

Yes FL homestead exemption is very generous, sadly most of the rest of their exemptions are not.

[eastorangefeet]

yes im starting to see what you mean about that tring to figure out my car situation now...o well i would rather sleep in a 3 bed 2 bath house than a 4 door honda...

[sunshine mary]

I believe they are correct that it is unlimited but there is an amount of time you had to be there so double check on that.