Fact Pattern 20-1
Mary's home is in a state that has a $30,000 homestead exemption.Mary de-faults on a $60,000 debt that she owes to Nina.Mary's home is sold at auc-tion for $80,000.
-Refer to Fact Pattern 20-1.If Nina recovers less than she is owed,she can realize the difference from

Question

Quizplus · Accepted Answer

The homestead exemption only applies to the primary residence, so any nonexempt property that Mary owns can be used to recover the difference owed to Nina. Exempt property, such as Mary's primary residence, cannot be used to satisfy the debt. Other family members' property is also not relevant, as the debt is solely Mary's responsibility.

Fact Pattern 20-1 Mary's Home Is in a State That Has a $30,000