Thanks I just wanted to have a different date of service, because in June of 2012 I sold a building that was my primary residence, sort of, to my parents, we had an agreement that they would loan
me the money to finish a house construction, and I would deed over this building to them to live in. They now have a mortgage on it. Then I was served in July of 2012. If i don't win this lawsuit (allegedly for fraud, breach of contract
and violation of epa lead rules) clearly a judgment will be put against me. Max 1.5 million, min 300,000 plus EPA fines. I just don't want this to be seen as a scheme to hide an asset. It wasn't. We had an agreement in the august of 2011. The summons was dec 29, 2011as soon as my parents sold their first home I signed over a quit claim deed of the building to them. The agreement is in writing. With the mortgage of 60,000 on a house that's worth maybe 75000 on a good day. I know that NYS has a homestead exemption
of 75000. But needless to say I am worried about this, would they succeed in taking my parents new house as payment towards the judgment?
On the upside, if we lose the other codefendants have much more money and assets than me. So it would be easier to collect from them, which I assume they know and that's why they have counterclaims
against me. So much fun. And I know that for one they wouldn't take my parents house. One co defendant, the realtor, has liability insurance
But will they cover fraud?