Mrs. Gross, without her husband's knowledge, homesteaded their family dwelling. No prior homestead had been recorded by either spouse. The property had a first trust deed with a balance of $19,000 and was worth $33,000. A general creditor later obtained a judgment for $2,000. The judgment was:

Question

Answer C - The homestead exemption for a married person exempts $25,000 (subject to change) of equity from creditors.

Ted Chan · Accepted Answer

Not collectible since the wife's homestead was valid and the homestead exemption left no equity upon which to levy

Florida Real Estate Exam