Quote:
Originally Posted by "W"
I know he said some states they cannot take your home but can take the value.....exp:...If you bought your home in 1980 for $75000 and paid it off...then you got drunk and killed someone..... Say your insurance covers 200,000 but you’re sued for 500, ooo..... The judge will order your house to get appraised and you will have to mortgage out that money....that 75,000 might turn into 150,000 today or more...... This is what he was saying
But if you have a lean on your house they can’t touch it.....
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Interesting, worth checking into.