Question $11$

$2\mathrm{.}5$ pts

Kate and her brother Rustin own a piece of property in Dallas as tenants in common valued at $$50,000.$ Kate owns a $75\%$ interest and Rustin owns a $25\%$ interest. During Mardi Gras, Rustin went down to New Orleans and decided he loved it there. The next week he purchased a house on St$.$ Charles Avenue right across from the Mardi Gras parade route. Unfortunately, Rustin did not get an appraisal and learned later that he significantly overpaid for the property. In addition, the home was much too expensive for Rustin and shortly after the purchase Rustin defaulted on the loan. Even after the bank seized the home, there was a $$50,000$ debt remaining. Assuming the bank received a default judgment against Rustin and could seize the Dallas property, what portion of the property could be seized to satisfy Rustin's debt?

$1\mathrm{.}0\%.$

$2.25\%.$

$3.50\%.$

$4.100\%.$

$100\%.$