I was rather shocked to find a check in the mail today from Sacramento county sheriffs office. Turns out a judgement/ lien i won 12 years ago. Got the max of 25% of his stimulus. I bet he is pissed. Oh yeah, the og bill of 17k is now 145k thanks too 18% compounded monthly by ca law. Still no where close to the 40% of property value before i can forclose under ca law.
If the value of the home does not change for 3 years i could foreclose. Which i would never do for the full ammount, but i sure as hell would sell it, take my 17k plus costs and give him the rest. I maybe a bastard, but i am not a greedy bastard.
I kid, i would not do that either, but i sure as hell would threaten it. Hell i would even sign off the lien so he could get a loan for that ammount. Then 1099 him thr difference.
ok, i would not do that either. Well unless he wanta to be an ass. Then hell yes i would.