Fact Pattern 21-1
Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.
-Refer to Fact Pattern 21-1. If Nina recovers less than she is owed, she can realize the difference from

Question

Fact Pattern 21-1 
Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.
-Refer to Fact Pattern 21-1. If Nina recovers less than she is owed, she can realize the difference from

Quizplus · Accepted Answer

Nina can recover the difference from any nonexempt property that Mary owns, as the homestead exemption protects $30,000 of the home's value, leaving $50,000 available to satisfy the debt.