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In the USA, can you lose your home even after it is 100% paid off? (lemmy.ml)

submitted 11 months ago by Confidant6198@lemmy.ml to c/asklemmy@lemmy.ml

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Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[-] Zippy@lemmy.world 9 points 11 months ago

Every country pretty much. Lawsuit. Don't pay taxes. Owe money to someone personally. You don't get to hide your assets behind a home and get into financial trouble in other areas.

This is also why homeowners typically live within the law. Too much to loose.

this post was submitted on 04 Dec 2023

144 points (97.4% liked)

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