Posted on: 12th Sep, 2008 11:02 am
If you foreclose on a property, can the mortgage company take money from your bank account?
It is unlikely, but they could possibly do this if your bank account and lender are one in the same. Always bets to seperate the two if you're having financial issues.
Hi June,
Welcome to forums.
The lender could take money from your bank account in case he asks for the deficiency payment and you're not able to pay it.
Thanks
Welcome to forums.
The lender could take money from your bank account in case he asks for the deficiency payment and you're not able to pay it.
Thanks