Place a lien on a future insurance settlement ? - Posted by Keith (OH)

import · June 19, 2011, 11:07pm

Posted by John Merchant on June 20, 2011 at 01:11:25:

I’d tell her to go on Craigs and see what that market thinks of the value
of what she’s holding; I"m thinking zero until somebody agrees in
writing to pay her something.

import · June 19, 2011, 11:07pm

Posted by Keith (OH) on June 19, 2011 at 23:07:38:

I have a woman who wants to buy my house with her pending insurance settlement. Her husband was killed by a drunk driver and she is about 5 months into the uninsured motorist claim with her insurance company. With the settlement she would be buying with cash (180K).

I hate settlement deals because there are just alot of unknowns especially the time line. I am willing to consider it on this deal only because the reward ($$$) is pretty large but I would like a little more security than “I’ll pay you when I get the money”.

Is it possible to place a lien on the settlement so that if she does get it I am in a more secure position to get paid ? Or has anyone had any experience with a settlement investment compnay that might give her an advance so I might as least be able to get a chunk up front?

Thanks,
Keith