can mortgage company attatch my checking account

jinda4224 · Joined: 24 Jun 2008 Posts: 2 1.89 Dollars($)

I have a mortgage in Georgia which I am going to have to go into foreclosue, I cannot afford the payments any longer. Can the mortgage company go into my checking account and take the amount of payments without permission?

larry · Joined: 27 Jun 2007 Posts: 3245 460.30 Dollars($)

Hi jinda.

Welcome to the forum.

I don't think the mortgage company can take out money from your checking account for the monthly payments without your permission. But why are you willing to go for foreclosure. It will have a huge negative affect on your credit. Why don't you talk with your lender and try to avoid the foreclosure. There are different ways to avoid foreclosure. Please have a look at 17 ways to protect yourself from the foreclosure trap

Hope it helps.

Feel free to ask if you have any further questions.

Best of luck,
Larry

brian1 · Posted: Wed Jun 25, 2008 8:39 pm Post subject:

No
They may be able to garnish wages if they get a judgement.
I doubt it will go that far..banks dont usually spend good money chasing bad money (money they may never see)

Brian

smaildaytoday · Joined: 15 Oct 2007 Posts: 52 0.14 Dollars($)

If the mortgage company get the permission from a court, it maybe happen that the company will take out money from your checking account for the monthly payments.

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