Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Can a Property Be Judgement Proof?
Could something like this work to make a property judgement proof?
Property owned by Ownership LLC is worth 100 k. Has a 100 k interest only mortgage to another LLC I own called Capital Holding LLC. Slip and fall happens with a judgement lien of 10 k vs Ownership LLC.
Since Capital Holding LLC has a 100% LTV mortgage recorded ahead of the 10 k judgement lien how could the judgement ever be collected? Worst case just sell the property so the money comes back to Capital Holding LLC which I also own.
Seems pretty simple. Am I missing something?