In Re McClung

MEMORANDUM OPINION ON DEBTOR’S MOTION FOR SUMMARY JUDGMENT WITH RESPECT TO OBJECTION TO CLAIM OF EXEMPTIONS (HOMESTEAD)

K. RODNEY MAY, Bankruptcy Judge.

The largest creditor in this Chapter 7 case, New Buffalo Savings Bank (“NBSB”), objected to the debtor’s claim of exemption to his homestead, a home worth an estimated $1.2 million in Sarasota, Florida (the “Homestead”). The objection asserts that $50,000 of funds obtained by the debtor’s fraud were used to acquire, renovate or repair the Homestead (Document No. 83). To that extent, NBSB argues, an equitable lien should be imposed on the…