Multiple Choice
Fact Pattern 29-2B (Questions B17-B19 apply)
Robin's home is in a state that has a $30,000 homestead exemption. Robin de?faults on a $60,000 debt that she owes to Suburban Mortgage Company. Robin's home is sold at auc?tion for $80,000.
-Refer to Fact Pattern 29-2B. Robin will receive
A) $0.
B) $30,000.
C) $50,000.
D) $60,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: A surety cannot assert the principal debtor's
Q30: The purpose of the homestead exemption is
Q31: Liens generally take priority over other claims
Q33: Fact Pattern 29-1B (Questions B4-B5 apply)<br>Michael contracts
Q37: Forbearance is a postponement of part or
Q38: Ridgeline Bank provides Shirley with a mortgage
Q38: Jordan is a surety for Kelly's loan
Q39: A court awards a judgment to Loan
Q40: The lender does not have to strictly
Q70: Rashi is a student at State University.