Examlex
Which of the following statements is false?
Homestead Exemption
A legal provision that protects a portion of a homeowner's principal residence from creditors and reduces property tax.
Auction
A public sale in which goods or property are sold to the highest bidder.
Creditor
A party or institution to whom money is owed.
Default
The failure to fulfill an obligation, especially the failure to make payments on a loan.
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