All Forum Posts by: Jessica Johnson

I got an email from a lawyer said I am being sued by a tenant. I no longer own that building and I currently live in a different country. I don’t think the lawyer knows that I live abroad and I no longer own the building. They have not properly served the documents yet because they do not know my oversea address.

So my question is what should I do? Do I need to hire a lawyer now or wait until they serve me and find a lawyer? Do I need to move my assets somewhere else? I think the county where they filed a case does not have jurisdiction over me since I am a expat. I know it is best to find a lawyer but they charge a lot to just talk to you and I want to know what you guys think before bringing a lawyer.

Thanks so much,

 Would you please update this case to us?

 Would you mind to tell us why you put the properties in the trust? What is the benefit of it?

 Does the insurance open claim before the lawsuit (if the landlord has not been served yet)? 

I just want to follow this topic. From my understanding, lenders like to sell loans so they are not interested in quit claim deed transfer type. Also some people quitclaim to a trust that has protection over the assets so lenders do not want to mess with this owner if they have to do foreclosure.

The irrevocable trust would be the one to set up if you don’t plan to sell them. However the trust has very high federal tax so not financial wise if you want to increase your cash flow.

I heard a lot of people in FL just has their insurance doubled. And many people are going with the one offered by the government ( I forgot the name but FL has its own insurance carrier).

So if a landlord notifies his insurance that his tenant is suing him (slip and fall), what will the insurance do? Will the landlord have to find his own attorney or the insurance will appoint one attorney for this case?

I think the old and established area has more charm and school zone can stay the same. The new build areas, the school zone keeps changing every 5-10 years due to more kids, more people and the schools may be too crowded. So if school zone is a big factor, old and established area would be my choice.