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Call Now: 904-383-7448If the debtor in value owns real property in town which exceeds the sum of $500.00 and it cannot be so divided as to give that amount to his family, he may give notice to the officer levying thereon. When the proceeds of the sale are distributed, the court shall order $500.00 of the same to be invested by some proper person in a home for the family of the debtor, which home shall be exempt as if laid off under this article.
(Orig. Code 1863, § 2017; Code 1868, § 2017; Code 1873, § 2044; Code 1882, § 2044; Civil Code 1895, § 2870; Civil Code 1910, § 3420; Code 1933, § 51-1404.)
- The notice may be after the levy, but before the sheriff pays out the money. Ragland v. Moore, Trimble & Co., 51 Ga. 476 (1874).
- When town property set apart as a homestead is about to be sold under a security deed given by a husband, the debtor's wife cannot by giving notice have proceeds of the sale held up to be invested in other realty for a statutory homestead. Evans v. Piedmont Nat'l Bldg. & Loan Ass'n, 118 Ga. 880, 45 S.E. 693 (1903).
- Where prior judgments were obtained against a husband, the wife was later entitled to $500.00 in proceeds of town property sold under the judgments. Maxey, Jordan & Co. v. Loyal, 38 Ga. 531 (1868).
- Improvements upon a homestead, to become or to partake of the nature of purchase money, must be made after the homestead has been set apart; for from the very nature of the case there can be no improvement of a homestead until there has actually been a homestead granted. Wright v. Carolina Portland Cement Co., 177 Ga. 564, 170 S.E. 795 (1933).
- 40 Am. Jur. 2d, Homesteads, §§ 30, 32, 37.
- 40 C.J.S., Homesteads, § 33.
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