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I need info on deficiency judgment

Posted on: 15th Jun, 2010 05:55 am
Can the lender who has foreclosed on my property in Fl take money from my checking account in MS? We have direct deposit of our social security checks and my retirement check. I have my bills paid automatically and do not want bounced checks. Should I stop my checking account and pay my bills myself? Thanks for your help.
Hi Guest,

The lender cannot garnish money from your checking account unless he gets a judgment from a court in Mississippi. In such a situation, I don't think you need to stop your checking account immediately.

Thanks
Posted on: 16th Jun, 2010 02:19 am
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