Peterson Likely to Lose House After Guilty Verdict
Since the time Scott Peterson was arrested in April of last year, the Modesto home that he and his wife Laci owned has stood empty. As Bob Hensley reports, the future of the property will likely be decided in a civil lawsuit.
Thursday, December 2, 2004
The three bedroom, one-story house sits on a quiet middle-class Modesto street. Now that Scott Peterson has been convicted of murdering his wife, Laci, legal experts say her estate will have an easy time getting control of his assets through civil action. Laci’s share of the home is controlled by her estate. It’s not known if Scott Peterson still owns his share. If he does, Professor Michael Vitiello of McGeorge School of Law says it’s likely he’ll lose it a wrongful death lawsuit that’s been filed by Laci’s family. VITIELLO :08—If they get a judgment, which should be very easy because he’s been convicted of her murder, then the house can be used to satisfy that judgment. Modesto real estate agents say comparable houses in the neighborhood sell for as much as 400-hundred thousand dollars. Some agents believe the home’s notoriety could diminish its value, because it has the potential to continue attracting crowds. On the other hand, one agent says it might spur someone to pay a premium price. Bob Hensley KXJZ News.