Fact Pattern 28-3B
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 28-3B. Nina may recover
A) $0.
B) $30,000.
C) $50,000.
D) $60,000.

Question

Fact Pattern 28-3B 
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 28-3B. Nina may recover
A) $0.
B) $30,000.
C) $50,000.
D) $60,000.

Quizplus · Accepted Answer

Mary's home is sold for $80,000, and with the $30,000 homestead exemption, the remaining $50,000 should go towards paying off Mary's debt to Nina, allowing Nina to recover that amount.