State v. Geddis
Supreme Court of Iowa
Appeal from the Jasper District Court. The defendant was the owner of 31 acres of land in Jasper county on which he with his family resided, it being a homestead. In October, 1872, he sold and conveyed his said homestead to one Eberhart, for the sum of sixteen hundred dollars, and took a mortgage on said land for fourteen hundred dollars of the purchase money.
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Appeal from the Jasper District Court. The defendant was the owner of 31 acres of land in Jasper county on which he with his family resided, it being a homestead. In October, 1872, he sold and conveyed his said homestead to one Eberhart, for the sum of sixteen hundred dollars, and took a mortgage on said land for fourteen hundred dollars of the purchase money. Eberhart failed to pay the notes secured by said mortgage, and in March, 1874, defendant obtained a foreclosure of the mortgage. The land was sold on the decree of foreclosure, subject to redemption, and at the sale was bid off by…
1Opinion of the CourtRothrock, J.
i. homestead: exemption'of proceeds. There is but one question presented. Is the money, being the proceeds of the homestead," exempt from execution on the judgment of the State against the defendant? Sec. 2000 of the Code provides that, “ The owner may from time to time change the limits of the homestead by changing the metes and bounds, *539as well as the record of the plat and description, or may change it entirely * * * . ”
Sec. 2001. “The new homestead, to the extent in value of the old, is exempt from execution in all cases when the old or former homestead would have been exempt, but in no…
2Cited by18 opinions
- Orange Brevard Plumbing & Heating Co. v. La CroixSupreme Court of Florida · 1962
- Sherrid v. SouthwickMichigan Supreme Court · 1880
- Field v. GoatSupreme Court of Oklahoma · 1918
- Cullen v. HarrisMichigan Supreme Court · 1896
- Vittengl v. VittenglSupreme Court of Iowa · 1912
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