Even though we know why there are lawyers and how they operate and that agreements really dont mean anythings, now the question, does anyone have a waiver that they have tenants sign for such potential risk that reflects that tenant will pay all legal fee's/court cost, etc.... if property owner is pulled into any lawsuit as an outcome of their pet hurting someone?

Yeah, I agree....although there are at least a couple of ebay sellers who have their buyers do the deed-recording(and I imaginefew buyers would be remiss in getting this done when reminded that legally, they don`t actually own the property until the Deed is recorded.That, and even the would-be flippers know they can`t legally sell RE not already titled in their own name without a license), but yes, you are right.I would hate to get a property-tax bill, or worse yet, notice of impending lawsuit from someone who fell and got hurt on the property, due to a buyer not recording the Deed on a property I *thought* I sold 6 months or a year ago :shock: I think recording the Deed for the buyer is the way to go.

One of our options would also be to form a living trust but we are not educated as to the type of liability protection a trust would provide if any. basically, what we are looking for is a way to protect what little we have in case of lawsuit.

And, 40% of agent assisted sales resulted in a sale price greater than 100% of the list price, compared to only 13% of homes sold FSBO.Also, 71% of real estate lawsuits come as a result of 1 party not being represented in the transaction.Bottom line is this - if you want to net the most money out of the sale to reduce your losses, hire an agent.

The lawsuit has been finalized and the owner has made the decision to just sale the land for $170k. $204K of work was completed, but the owner is ready to dump the property and move on.Arv is worth $800k.

About a week went by and I got a letter about a lawsuit.

I suppose, in an area, you could run through mortality tables, accident stats, divorce stats, arrest stats, law suits by population, etc. but really, it's not worth the brain damage.

I have a resident/registered agent that would receive any paperwork such as being served a lawsuit.

In each county's Superior Court, cases are opened (legal matters such as lawsuits, divorce, probate, etc.).

, in a civil class action lawsuit afterward.