Robin's home is in a state that has a $60,000 homestead exemption. Robin de-faults on a $120,000 debt that she owes to Suburban Mortgage Company. Robin's home is sold at auction for $160,000.
-Refer to Fact Pattern 26-1. Suburban Mortgage may recover

Question

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Suburban Mortgage can recover $100,000 because the homestead exemption protects $60,000 of the home's value, leaving $100,000 available to satisfy the debt.

Robin's Home Is in a State That Has a $60,000