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Guest

I am a divorced mom of 3 and I lost a home in Ohio because the 1st lien holder would not assist or respond to any help for a deed in lieu of or a short sale. The bank purchased the home back at the sheriff sale and it is now listed for sale for less then the original short sale offer that was made. I am not sure if there is a judgement against me, (currently nothing shows on my credit report) but in the past 30 days I have moved to PA to be closer to family and friends. My question is how does or will this affect me here in PA ,as far as, my bank account being seized or the bank taking any money that I have. I currently do not have a job but I have just received a buy out check from my previous employer. I am afraid to deposit this because it all I have to my name to support my 3 kids.

Please help me. Am I protected since I now live in PA? Does the bank have to do additional paperwork in order to seize my assets since the judgement is in Ohio?

Thanks for any help!

adonis · Posted: Sun Dec 05, 2010 10:11 pm Post subject:

Hi Guest,

After the foreclosure, your lender has the rights to sue you for the deficient balance resulting from the property sale. However, as you have moved to a different state, the lender will have to get a judgment from the court of that state. If the lender does not get a judgment, then the lender won't be able to come after you.

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