settlement pending (by Tonia [RI]) Oct 14, 2020 11:45 AM|
settlement pending (by Frank [NJ]) Oct 14, 2020 12:18 PM
settlement pending (by S i d [MO]) Oct 14, 2020 1:01 PM
settlement pending (by Tonia [RI]) Oct 14, 2020 2:07 PM
settlement pending (by plenty [MO]) Oct 14, 2020 2:17 PM
settlement pending (by Mike45 [NV]) Oct 14, 2020 3:21 PM
settlement pending (by Ken [NY]) Oct 14, 2020 3:23 PM
settlement pending (by Vee [OH]) Oct 14, 2020 6:54 PM
settlement pending (by Mike45 [NV]) Oct 14, 2020 8:26 PM
settlement pending (by tonia [RI]) Oct 14, 2020 9:07 PM
settlement pending (by Oregon Woodsmoke [ID]) Oct 15, 2020 11:11 AM
settlement pending (by Oregon Woodsmoke [ID]) Oct 15, 2020 11:12 AM
settlement pending (by Ray-N-Pa [PA]) Oct 16, 2020 9:36 AM
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settlement pending (by Tonia [RI]) Posted on: Oct 14, 2020 11:45 AM
Dear Landlords, I have a deadbeat tenant who is expecting a lawsuit settlement for some accident he was in. He told me it was projected about $500K. I am in the process of eviction, as he told me he will not move without a formal eviction process. Wondering if I can attach a judgement against his settlement when the time comes. --70.168.x.xxx
settlement pending (by Frank [NJ]) Posted on: Oct 14, 2020 12:18 PM
I would expect an attorney would say to get the judgement and worry later about "what he's gonna get.
It could be a year, or 2...or more before he gets anything and that's not allowing for 30 to 50% off and that's AFTER the costs of litigation. --174.225.xxx.xx
settlement pending (by S i d [MO]) Posted on: Oct 14, 2020 1:01 PM
"I am expecting to get a settlement..." ranks right up there with "I'm expecting a big tax refund this year" as far as excuses used to throw easily distracted land lords off the scent.
Just proceed with eviction and then go after him to collect. If/when he gets paid, you can sniff out his bank account and get paid.
My guess is there is no settlement. Seriously, who tells a land lord they're getting a half million $$$ coming their way and then stiffs them on the rent? They have companies that will loan money against that, which he could apply for right now and get you paid, IF there was half a million truly knocking at his door.
Assuming his story is even semi-true about the injury, likely a lawyer said they think they could possible get a settlement for $X but that cow hasn't been milked yet and could die before it gets into the barn. --107.216.xxx.xxx
settlement pending (by Tonia [RI]) Posted on: Oct 14, 2020 2:07 PM
True Frank and good point Sid...I am distracted these days. All of these regulations and moratorium etc. I appreciate your insights. Very knowledgable! --99.203.xxx.xxx
settlement pending (by plenty [MO]) Posted on: Oct 14, 2020 2:17 PM
He is not sharing the whole story. If he is so confident is his lawyer and his lawyer in the settlement ask tenant to get lawyer for an advance. Otherwise run your business. RUN YOUR BUSINESS. --172.58.xxx.xx
settlement pending (by Mike45 [NV]) Posted on: Oct 14, 2020 3:21 PM
Plenty, lawyers are not allowed to give clients advances against their cases (except for legitimate costs of the litigation). Sometimes it may happen, but it is completely improper. Lawyers passed this law so they can cite it as a reason why the lawyer is not going to advance any $$.
There are companies that will lend the client money against the future settlement, but that is a complicated process and VERY expensive.
settlement pending (by Ken [NY]) Posted on: Oct 14, 2020 3:23 PM
half the low income tenants out there have told me they have a huge settlement coming in,i think they are trying to impress a landlord who they see as capable of handling money,what they dont understand is i and most landlords are not impressed by settlement money but would be impressed by earned money but they never have that --72.231.xxx.xxx
settlement pending (by Vee [OH]) Posted on: Oct 14, 2020 6:54 PM
I am expecting to win 8 digits in the lottery (you choose which one) and when that occurs I will get sunburn on my legs, but until that happens I am only getting it on my bald spot and uncovered arms. --76.188.xxx.xxx
settlement pending (by Mike45 [NV]) Posted on: Oct 14, 2020 8:26 PM
Vee, I started wearing a hat for the express purpose of protecting my bald spot from the sun. It stops sunburn.
I've been told that you have to buy a lottery ticket in order to win. So that put the kebosh on that plan for me! --76.4.xxx.xxx
settlement pending (by tonia [RI]) Posted on: Oct 14, 2020 9:07 PM
I do see the case on the court website (tenant vs. xx) so I know there is a lawsuit...anyway, I am just trying to figure out how to go after this deadbeat once he is gone. Too much money to let slide away...and yes plenty I need to run my business better. Thank you all great feedback! --74.103.xxx.xx
settlement pending (by Oregon Woodsmoke [ID]) Posted on: Oct 15, 2020 11:11 AM
Get a judgement, You might not be able to attach the settlement directly, but you can get money out of his bank accounts. He has to put that money somewhere.
That is, if he ever gets a settlement. If he does win his case, it might still be many years as the judgement is appealed. If he is up and walking around, I seriously doubt he has any million dollar settlement coming to him. I'm guessing that no financial adviser stole that from his accounts so he has some sort of minor employment or injury beef. Or some sort of false claim. --76.178.xx.xx
settlement pending (by Oregon Woodsmoke [ID]) Posted on: Oct 15, 2020 11:12 AM
If an applicant tells me he has a settlement coming, I am counting that as a big red flag. I don't want the sort of tenant that sues people. --76.178.xx.xx
settlement pending (by Ray-N-Pa [PA]) Posted on: Oct 16, 2020 9:36 AM
Last I heard, I am expecting a large settlement - they blurted out $4,500. I didn't laugh, but it was hard not to smirk
Sad how much money it would take to change someone's life --24.101.xxx.xx
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