What protection does the homestead exemption provide for homeowners who have mechanic's liens on their property?
A) There is no protection; they are subject to the liens
B) The homeowners can generally claim the exemption amount in that state to eliminate the liens from the property
C) The lienors cannot foreclose on the home to satisfy the liens
D) The liens are extinguished on residential property
Correct Answer:
Verified
Q65: Homeowner A closed on his property (a
Q66: The City of Petaluma owns the Redwood
Q67: In October 1981, Robert E. Hinkle leased
Q68: What happens when homeowners owe more to
Q69: Alice and Ray Cramden purchased a home
Q71: A subcontractor has signed a document with
Q72: In 2015, Capital Drywall and Old Fort
Q73: On November 5, 2014, Commercial Builders, Inc.,
Q74: Frogurt, LLC wanted to open a frozen
Q75: Tom Horton is building a cabin on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents