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rmn
Guest
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 Posted: Mon Mar 08, 2010 7:50 am Post subject: deficiency jusgement |
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My lender is palnning to file a deficiency judgement on my foreclosed home. Can the lender take money from my personal bank account for the deficiency owed? How can I avoid the lender coming after my cash assetts?
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drifter
Guest
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| Posted: Mon Mar 08, 2010 3:19 pm Post subject: |
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| File Chapter 13 |
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Guest
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| Posted: Mon Mar 08, 2010 8:24 pm Post subject: |
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| i cant file chapter 13. i have cash, car paid for and no other bills. |
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 sara
Moderator
Joined: 05 Jul 2006
Posts: 2182
Location: New Brunswick, New Jersey
409.61 Dollars($)
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| Posted: Tue Mar 09, 2010 2:28 am Post subject: |
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Hi rmn,
If you are unable to pay off the deficient balance to the lender, then he will be able to garnish your savings account in order to recover his dues. You can negotiate with your lender for a payment plan which will make it affordable for you to pay off the loan. You can even negotiate with your lender and check out if he can forgive your balance amount.
Take care. |
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