Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. 

Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

It appears I may get 500,000 settlement in a few months. 

Then offer the creditor a percentage of this amount as settlement in full.  

Most attention has been directed towards buyers and buyer agency in response to the agreed upon settlement which introduces the possibility of fee shifting depending on whether a cooperating fee is offered.

I believe the standard vehicle liability is $300,000 while the average settlement is less than $60,000.

The house had some signs of foundation settlement when he bought it which were chalked up to age, however it’s clear now that there has been more recent movement (some of this may have been due to an earthquake a few years ago) causing about 3 inches of settlement along this very small house.   

This ensures that any settlement check will be issued to you AND the tenant - and that you can interact with the insurance provider.  

Before any mediated settlement is binding, the parties to the dispute must agree to the settlement, in writing.

Despite wanting to handle it a few other ways I reached a small cash settlement with him to drop it.