Qian Resides in a State That Has a $50,000 Homestead

question 1

Multiple Choice

Qian resides in a state that has a $50,000 homestead exemption. She defaults on a loan extended by Rely Bank, owing $60,000. Her home is sold at auction for $90,000. The creditor is entitled to

• A)0)
• B)$30,000.
• C)$50,000.
• D)$60,000.

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