What can happen if a lien has been placed on your property?

The creditor may place a lien on the second home up to the amount that is owed.  If the creditor has not filed suit, the creditor likely do that very soon unless you can come to a settlement. Given the fact that the debt has arises, you cannot convey the home to your wife or a limited liability company to avoid an attachment becasue you would expose yourself to a claim of a fraudulent concealment.  i suggest that you hire a lawyer to call this creditor and work out a compromised settlement.  you should settle the claim to avoid the creditor from seeking more money in attorney's fees on top of the judgment it will likely get.