Nicki is a debtor who defaulted on a real loan and is facing a foreclosure proceeding. Among the protections the debtor might have is a;
A)nonjudicial foreclosure
B)easement
C)judicial foreclosure
D)homestead

Question

Nicki is a debtor who defaulted on a real loan and is facing a foreclosure proceeding. Among the protections the debtor might have is a;​
A)nonjudicial foreclosure
B)easement
C)judicial foreclosure
D)homestead

Quizplus · Accepted Answer

A homestead exemption can protect a portion of a debtor's home value from creditors in a foreclosure proceeding, offering some financial relief.

Nicki Is a Debtor Who Defaulted on a Real Loan