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If you have accounts in the bank that holds your mortgage, the bank can take the money in your accounts to set off what you owe in the foreclosure.

You should never have bank accounts in the bank that you owe money to. If the bank requires an account, just open an account and put in the amount needed to direct-pay the bank.

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Q: Can banks attach savings when in house foreclosure?
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Related questions

What steps can I take to stop a foreclosure on my house?

The first step is to contact your bank or mortgage company. Many banks will work with customers to avoid foreclosure.


Judgments - can they take your house?

While any judgment can attach against real property, only a judgment and decree of foreclosure can result in the foreclosure of real property. Decrees of foreclosure are only added to judgments as a result of non-payment of a mortgage or deed of trust, or other security instrument.


How long after foreclosure can you stay in your house in Colorado?

You can usually stay at least 30 days in your house. Some banks or companies may extend much more time to you than this.


Can you put a house for sale in foreclosure?

You can put a house up for sale in foreclosure, but the foreclosure process could happen before the house sells. It doesn't make any sense, if you would like to sell the house, do so before foreclosure.


Is Third Federal Savings and Loan a leader in house mortgages?

There are websites that can compare banks and lenders to help you determine if Third Federal Savings & Loan is a leader in house mortgages. But what you need may not be just a leader in house mortgages, but the product they have that fits you.


If our house goes into foreclosure can the banks still get their money from you ?

foreclosure is a conditon where a lender (the bank) acquires title to and uses the value of the property to offset the outstanding balance of the loan. If your property goes into foreclosure you will LOSE ownership of that property but will also no longer owe the unpaid balance of the loan. This is called 'defaulting' on your loan.


Do you get the best deal by buying a house at a foreclosure auction?

Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html


Can you purchase another house if your house is not in foreclosure?

mo ney


What is the importance of a foreclosure of a house?

Houses go into foreclosure when the owner can no longer afford to make the house payments. Many people look to purchase foreclosure homes as they can often be purchased for a low price.


If your house was in foreclosure what would be your greatest need?

My house is going through foreclosure. My biggest need is money to move and finding a place to rent.


How long can you live in your house once foreclosure has started in Memphis tn?

in new york how long can you live in your house once foreclosure starts


What is the best recommended foreclosure website?

There are agencies who can help you to stop foreclosure. I have saved my house from foreclosure and if you have a foreclosure property then those agencies will buy it at a great price. For foreclosure guide you can visit myprgenie.com you will get stop foreclosure guide by 2brothers real estate