Your Homestead Property is protected from legal judgments like personal injury lawsuits. However, that doesn’t mean that you can just stop paying on your mortgage and they can’t take your house. It also doesn’t mean that you don’t have to pay the company that just put in your new air conditioning system. When you agree to a mortgage or to work being done on your house Florida law will allow the mortgage company or those workers to place a lien and eventually foreclose on it if you don’t pay. Your Homestead is also generally exempt in a bankruptcy proceeding, but again, your Mortgage company’s rights will be preserved even in that situation.