All Forum Posts by: Sarah Jones

is that true? if you file bankrupt, the car judgement will go away? 

If i file for bankruptcy, do i still get to keep the houses?

Already raised my insurance levels but that only helps with new accidents not the old one... thanks for all the advice they really help.. the more i know the better. already know their attorney can search .. not using my real name.. everything is different numbers etc.. 

you guys all made good points.. anything else you can think of is great..  hoping for the best ..planing for the worst 

The attorney they gave me sort of suck. He think i might owe more, just worrying about worse case and what the best thing to do with an attorney that does not know how to protect asset.. he told me to get an asset attorney and (he is only defense). i will listen to him.

Any other advice you guys can give would be great thanks again everyone... 

I have some equity in the investment house is what im worried about, since it is investment.. it is not protected by homestead..  so they might try to foreclose on the house to get at the equity. 

idont want to declare bankrupt becuase im a real estate investor and plan on buying more houses in the future. 

1. i was going to ask them to settle for $20k from insurance + $8k from me... and send them my bank statement that i have no money.. you think this might help? 

The insurance company gave me a defence attorney.. i dont know if he is any good, he is verifying all their claims and seeing how much medical treatment they actually need. So he is doing part of his job. He doesnt know anything about asset protection which is very bad.

The plaintiff want as much as $200k, I have $0 in my bank account.. I have a job that is say $4k a month. The investment house might have some equity, the second house (owner occuppied has no equity .. i just bought it) 

1. I dont have to give the plaintiff anything but i was going to show them i have no money in the bank account...  hoping they will settle for 10k , do you think if i show them i have no money is a good idea? (they might go after the house with the equity)

2. also if they do win the case and get a judgement, will that stop me from buying houses in the future? will judgement on old houses stop me from buying houses in the future. 

1. the limit is $20k , we have exhuasted the limit already. They want more than $20k. 

2. i tried legal counsel but i dont have money to hire legal counsel so i am using what progressive gives. 

I am in california. so still have questions that are unanswered..

1. Can they foreclose on a house that I make regular payments on? Or only if i stop making payments on the house and the house goes to forecloser they can get paid...

I thought they a lien can only be satisified if i sell the house, refince or if the house goes into foreclosure.. so if i never sell the house, never refince and always make regular payment can they still foreclose on my house?

2. yes already check home owners.. no help.. home owners says they dont cover anything that is car related.. only car insurance

1. Can they foreclose on a house that I make regular payments on? Or only if i stop making payments on the house and the house goes to forecloser they can get paid... 

I thought they a lien can only be satisified if i sell the house, refince or if the house goes into foreclosure.. so if i never sell the house, never refince and always make regular payment can they still foreclose on my house?

I got in a car accident several months ago. I was found at fault, and my insurance only covered the minimum which is around $20k, but the person claims she needs surgery and requires $200k , she's getting a lawyer to sue. I was already served. The insurance company gave me a defense lawyer. I want to know

1) I have a house , i bought a few years ago i dont know how much equity i have.. i have no money at all just an investment house and my primary resident... if she wins can she force me to sell my investment house? How does it work, can they really force you to sell your house or will they just put a lein?

I have a house that need to be rented. I work a lot and dont have time. I was going to have my friend help me rent it out. The house is in southern california. Do you need a license to rent out the house?

I think i heard somewhere he might need a real estate license to help me rent out the house.. I thought it sounds stupid.. why would you need a license to help rent out a house.. thousands of people rent and sublet their house... so i want to get to the bottom line. In california , do you need a license to help rent out a house?