A "Homestead" means the principal dwelling in which the debtor or the spouse resided on the date the creditor's lien attached to the dwelling, and in which the debtor or the spouse resided continuously until the date of the court determination that the dwelling is a homestead. (CCP 704.710(3)(c))
Any proceeds received for a homestead remain exempt in the amount of the exemption for six months after receipt, unless such proceeds are applied to property other than a new homestead, in which case the proceeds are no longer exempt. (CCP 704.720)
The amount of the exemption is the greater of the median sale price of a single-family home, not to exceed $600,000, or $300,000. (CCP 704.730)