Fact Pattern 29-2B (Questions B17-B19 apply)
Robin's home is in a state that has a $30,000 homestead exemption. Robin de?faults on a $60,000 debt that she owes to Suburban Mortgage Company. Robin's home is sold at auc?tion for $80,000.
-Refer to Fact Pattern 29-2B. If Suburban Mortgage recovers less than it is owed, it can realize the difference from

Question

Quizplus · Accepted Answer

Suburban Mortgage can only recover the difference from nonexempt property that Robin owns, as the homestead exemption protects up to $30,000 of her home's value from creditors. Other exempt property, such as personal property or tools of the trade, may also be protected from creditors. Property owned by other members of Robin's family is generally not subject to seizure for her debts.

Fact Pattern 29-2B (Questions B17-B19 Apply)