I have the question. I posted it a few weeks ago, but got no response. This is what I posted. Appreciate any insight.
From earlier post:
Questions:
If there was a claim against the LLC and the property had to be liquidated to cover the claim, would the proceeds from the liquidation 1st go to pay off the outstanding mortgage debt and only the remaining amounts would be available to pay the claim or would my wife and I be liable for the outstanding mortgage?