Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

3
Posts
0
Votes
John Smith
  • Hamilton, OH
0
Votes |
3
Posts

Can a Property Be Judgement Proof?

John Smith
  • Hamilton, OH
Posted

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?

Loading replies...