Fact Pattern
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 15-2B.If Nina recovers less than she is owed,she can realize the difference from

Question

Fact Pattern 
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 15-2B.If Nina recovers less than she is owed,she can realize the difference from

Quizplus · Accepted Answer

The homestead exemption protects Mary's home from being used to satisfy a debt to Nina. Therefore, if Nina recovers less than she is owed from the sale of Mary's home, she can only go after Mary's nonexempt property to make up the difference. She cannot go after Mary's exempt property or the property of any other family member.

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