From: BreadWithSpam@fractious.net
Newsgroups: misc.invest.financial-plan
Subject: Re: fdic ?--protecting bank accounts ?
Date: Fri, 23 Mar 2007 09:24:44 -0500
	iQBVAwUARgPjLfl/I4+O31e5AQEvXwIArNLcHPu0ZdYtIpAc5jSbstZujRc6SATK
	exK3t225UaoOIufVnR5Bb2sFt4Z1qXx+W5PN4SYIDSxJxDMGHmnjnQ==
	=NVm4

"Elizabeth Richardson"  writes:
> "Sgt.Sausage"  wrote in message

> > Exactly which part of "homesteading exemptions" was it
> > that you didn't understand?

> Perhaps we have a difference over definition. While it's been a gazillion
> years since I was in school, and many years since I worked in the title
> insurance industry, I still think I have some grasp of the difference
> between owning a homestead and being a home owner. Neither the California

Tone aside, it's a matter of terminology.  The term for
a law or exemption to a law is designed to protect the
value or ability of a person to live in his own residence
is a "homestead exemption".  Most states have (limited)
homestead exemptions in their bankruptcy laws, many have
provisions which let folks defer property taxes or even
not pay some on some portion of the value of their homes.
These provisions all may be referred to as "homestead
exemptions" in various contexts.

Wikipedia (unless someone goes and hoses it) has a nice
page on it:  http://en.wikipedia.org/wiki/Homestead_exemption

It has nothing to do with homesteads in the sense of
a farmhouse or outbuildings, or in the sense of, say,
the federal Homestead Act of 1862.  In current legal terms,
"homestead" simply means a person or family's residence.

-- 
Plain Bread alone for e-mail, thanks.  The rest gets trashed.
No HTML in E-Mail! --    http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
   http://www.greenend.org.uk/rjk/2000/06/14/quoting