LLC And Deficiency Judgments...
I have a rental that is in the foreclosure process- poor purchase AND declining value -tried and tried to short sale. Two lawyers "opinions" were that a deficiency judgemnt would most likely NOT occur. My other rentalas and my home are in other states than the one in trouble. IF the lawyers are wrong - and a judgement is issued AND then a lien put on my home - in another State (the lawyers) told me that this can take a while...) - then I may risk a lot of equity in other property(s)?!. Would an LLC protect my assets - assuming all my property (and my home?) would be owned by the LLC? Am I being clear.. 
?? TIA.
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