P.I.E. Employees Federal Credit Union v. Bass

STEWART, Justice:

JóAnn Bass appeals the trial court’s denial of her motion for payment of her homestead exemption from amounts received by plaintiff, P.I.E. Employees Federal Credit Union (P.I.E.), from a foreclosure sale of her home. We affirm.

I. FACTS

On October 19, 1979, while still married, Bass and her ex-husband, Rex Paul Bass, signed a promissory note in favor of P.I.E. which was secured by a nonpurchase money second mortgage on their home. Subse quent to their divorce in 1980, JoAnn Bass retained possession of the mortgaged property and continued to reside there with her two children.…