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Can lenders in California go after my bank & salary garnishment?

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ng_hanh2001 Joined: 06 Apr 2011 Posts: 1 1.30 Dollars($)	Posted: Wed Apr 06, 2011 12:31 pm    Post subject: Can lenders in California go after my bank & salary garn Like 0 Dislike 0 Hi, A few years back, I co-signed a relative for a mobile home mortgage loan. Until now, the mortgage's balance is about 50K left. For some reason, if my relatives stop making mortgage payment, will the lender go after my bank & salary garnishment? Let's say if i have 50K in my bank account, will they freeze my account & seize the fund in there? Btw, I'm in California, if it matters. Thanks
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Wed Apr 06, 2011 9:40 pm    Post subject: Like 0 Dislike 0 Hi ng_hanh, As you've co-signed the mortgage, the lender will come after you if he does not receive his payments on time. They will have to file a judgment against you in order to garnish your wages or your bank account. Thanks

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