Comment by robocat
3 years ago
> there may be no limit to your liability.
You can put the house into a limited liability company, which theory should limit the liability to the value of the house.
Depending on whether director negligence was involved etcetera.
My understanding is that for an LLC to provide protection the house would have to be used for purely business purposes and that there can be no co-mingling of personal finances. the concept is called "piercing the corporate veil". IANAL but I looked into this pretty extensively when choosing how to protect myself with investment properties.