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. Nina may recover

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. Nina may recover

Quizplus · Accepted Answer

Mary's home is sold for $80,000 and the state homestead exemption is $30,000, leaving $50,000 available to satisfy Nina's $60,000 debt. Therefore, Nina may recover up to $50,000 from the sale of Mary's home.