Asked in Real Estate Law for Tennessee

Q: Can someone's primary residence be at risk for financial damages?

I was awarded financial damages by the court. The defendant found to be liable, only has their primary residence, as assets. Is the primary residence, protected from any actions, in this case?

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1 Lawyer Answer
Anthony M. Avery
Anthony M. Avery
  • Knoxville, TN
  • Licensed in Tennessee

A: He could easily have a $ 25K or more Homstead Exemption. It may be titled as a Tenancy By The Entirety, or a Tenancy In Common or even a LIfe Estate/ Remainder. It could have a Deed of Trust against it, or there maybe several Judgment Liens ahead of your potential Lien. Hire a competent attorney to attempt collection. Otherwise you will probably only have a piece of paper.

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