Legal Question in Real Estate Law in Florida
Financial/Mortgage
My friend has an account with a bank
in FL. ... he has two mortgages with
this bank. The bank held a meeting
(without my friend present and
without his knowledge) and decided
to debit his account the money that
he owed and then ''put a hold'' on
the remaining funds in his account.
Is this legal? I don't see how
Asked on 12/18/08, 9:31 am
1 Answer from Attorneys
Justin Schmidt
Law Office of Justin B. Schmidt, P.A.
Re: Financial/Mortgage
Something does not add up. Unless your friend agreed to some auto-pay provision in his loan documents, I agree the bank would not have any grounds to pilfer assets from unrelated bank accounts. Do they have any judgements against him?
It sounds to me like we are missing some important details.
Answered on 12/18/08, 9:24 pm