Legal Question in Credit and Debt Law in Michigan
Can a morgage company go after social security benifits or a Pension when there house is foreclosed on.
Asked on 7/29/10, 10:13 am
1 Answer from Attorneys
Jesse Sweeney
Sweeney Law Offices, P.L.L.C.
Only if (1) there's a deficiency balance OR (2) it's a second or third lienholder AND (3) the benefits have gone into a bank account. A bank account is fair game once the proceeds enter it. Of course, this is assuming there's already a judgment and garnishment order.
Answered on 8/03/10, 10:24 am