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deed inlieu of foreclosure

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joytheworldmiller Joined: 08 Nov 2009 Posts: 1 1.00 Dollars($)	Posted: Sun Nov 08, 2009 3:56 pm    Post subject: deed inlieu of foreclosure Like 0 Dislike 0 I want to know if you have a pension if the bank would look tocome after your pension to pay the outstabding mortgage if you don t want to keep the house?
adonis Joined: 22 Oct 2005 Posts: 10258 Location: ALASKA 1044.81 Dollars($)	Posted: Sun Nov 08, 2009 8:28 pm    Post subject: Like 0 Dislike 0 Hi joytheworldmiller, As far as I know, the retirement accounts and social security income cannot be garnished. However, if you have a savings account, then it can be garnished by the lender. However, in order to garnish your account, he will have to get a judgment from the court. _________________ Procrastination is the enemy of your financial success

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