Question

Property that is exempt from execution of foreclosure to satisfy a personal debt of the head of household can be up to 1/2 acre within the city or up to ___ acres outside the city.

a) 1/4 acre
b) 1 acre
c) 2 acres
d) 5 acres

Answer 1

The property exempt from execution or foreclosure for a head of household can be up to 1/2 acre within the city and up to 1 acre outside the city

Step-by-step explanation:

Foreclosure is a legal process by which a lender, typically a mortgage lender, takes possession of a property when the borrower fails to make mortgage payments as agreed upon in the loan agreement. The process is usually initiated when the borrower is in default, meaning they have missed several payments.

The property that is exempt from execution or foreclosure to satisfy a personal debt of the head of household can be up to 1/2 acre within the city and up to 1 acre outside the city.