Legal Question in Real Estate Law in Florida
Foreclosure
My husband recently passed away.I am one of the people with subprime mortgage loan. I can no longer afford it. My mortgage is also has a negative amorization. I have IRA'S annuities, can the bank take them away from me.
2 Answers from Attorneys
Re: Foreclosure
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Generally IRA's and other retirement vehicles are exempt from claims of any creditors. Without more information on your annuities, it is impossible to say whether or not they can be taken away.
Scott R. Jay, Esq.
Re: Foreclosure
Your IRAs and annuities should be exepmt from the reach of creditors.