In re Rogalin

*254 ORDER OVERRULING TRUSTEE’S OBJECTION TO DEBTOR’S CLAIM OF EXEMPTION

JOHN TeSELLE, Bankruptcy Judge.

On September 19, 1995, Debtor filed his voluntary petition for relief under Chapter 7 of the Bankruptcy Code. On October 5, 1995, Debtor filed the required Schedule C— Property Claimed as Exempt, in which he claimed as exempt his homestead property located in the Putnam Heights Addition to Oklahoma City. According to Debtor’s schedules, the homestead is valued at $65,-000, and is subject to two mortgages totaling $62,068.52.1

On December 14, 1995, Trustee timely objected to Debtor’s claimed…