Where debtors claimed “100% Fair Market Value” of their home as protected by the Homestead Exemption, and there was no timely objection by the US Trustee, then the claim of exemption protected the full amount of money generated by the sale of the home, after payment to the mortgage lender, even though the “FMV” number claimed was over the allowable limit.
In re Masingale (9th Circuit Bankruptcy Appellate Panel) 644 B.R. 530, Opinion of Farris J.
Filed November 2, 2022.
