The Florida Homestead Exemption is unique to Florida. No other state has an unlimited exemption of this magnitude. Pursuant to this exemption (per the State Constitution), no creditor (other than a creditor with respect to the residence such as a mortgage) can judicially compel the sale of the residence to satisfy a debt. So, if a residence is worth $1,000,000 subject to a $200,000 mortgage, there is $800,000 of equity in the residence. Therefore, a homeowner with a lot of debt could remain in the residence and when the statute of limitations with respect to debt expires, he or she could sell the house and pocket $800,000.
Although there may be some overlap, make sure that you address each question separately. Extra credit is a possibility if your response is extremely well thought out and is based on facts not simply how you feel about the issue.