Legal Question in Real Estate Law in Virginia

investment

If 2 people buy a house together.one has a possible law suite related to a dog bite which has not settled by home insurance because of victum's lawyer. can the investement be attached?one person will live in the house as a primary residence.the other has the possible law suite and lives in own paid-off home.


Asked on 4/06/07, 8:49 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: investment

If the people do not jointly hold title to the property as husband and wife by what the law calls "tenants by the entireties", a creditor who receives a judgment against the one with the dog bite problem could have his or her in interest in the property potentially attached and liquidated in order to enforce and collect on the judgment.

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Answered on 4/06/07, 9:00 am


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