Legal Question in Credit and Debt Law in Florida
I am signed on my mother's checking, savings, money market and CD's in case she gets sick or dies I can write a check. If I apply for a loan modification and have to be late with my mortgage payment, Can the back take her money since I am signed with her as a joint tenant and her money is in the same bank as the mortgage?
2 Answers from Attorneys
The way things are today with the economy, yes, they probably will. I have had it done to a client's account who was signed with his mother and she bounced a check and they took the funds from his account.
This is a joint account and it can be taken. See garnishment article on my website. Want to know the law? Sign up for our free newsletter on varies areas of the law by sending an email to [email protected] and requesting the newsletter, or go to www.ConsumerLawyerHelp.com
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