But one good reason I can think of not to have a trust own it is because the trust then becomes the defendant in any lawsuit.

That said I would also recommend highly retaining a BK attorney yourself to defend you in court rather than appear alone.

it should have been fixed.Other than that, if there was a slip/trip/fall on your property, contact your insurance company to make them aware, and if you have the proper coverage their legal team will defend.  99 out of 100 times, there will be 'legal blackmail' and a settlement will be reached. 

Its as WAG  he has another post with a meet up to show people how not to be a 95% er   That was my guess, just wanted to give the OP a chance to defend the assertion.

If no one appears in court to defend the foreclosure then the statute of limitations won't be applied and the foreclosure would proceed as normal.   

But, you have to have a business and eventually have to defend it if audited. 

Owners of the LLC are automatically covered, so no need to list your personal name a second time on the policy.If the LLC is not listed, and a tenant files a lawsuit against the LLC, there is a good chance the policy would not defend you in that lawsuit.

That's the least of my worries because now I'm looking at the Sheriff's sale notice and I'm seeing several defendants...two of which are banks..one of the banks is Universal Savings(google search indicated they were out of business) and the other was Midland Funding(a CC debt collector) Am I going to be on the hook for those two secondary judgements?

I was a pretty strict landlord but can’t really defend replacement of an entire carpet from an understain

"Yes your honor, that would have NEVER happened if the defendant hadn't left that beverage behind!