Fact Pattern 24-2
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 24-2. If Nina recovers less than she is owed, she can realize the difference from

Question

Fact Pattern 24-2 
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 24-2. If Nina recovers less than she is owed, she can realize the difference from

Quizplus · Accepted Answer

Nina can recover the difference from only nonexempt property that Mary owns, as exempt property is protected from creditors.