Legal Question in Banking Law in New Jersey
3 payments behind on a second home that we have for sale. The bank broke a lock, entered the house, turned off the water supply. Does the bank have the right to do this without notice to us? Thank you.
Asked on 11/07/09, 7:20 pm
1 Answer from Attorneys
John Corbett
Corbett Law Firm LLC
Your mortgage probably gives the bank the authority to come on the property to protect it if the loan is in default and the bank has a reasomable concern about the preservation of the property. Read your mortgage to be sure.
See also: http://info.corbettlaw.net/lawguru.htm
Answered on 11/13/09, 12:31 am
Related Questions & Answers
-
I recievd a stolen check and now they are charging me as if i stole the check and... Asked 10/01/09, 7:10 pm in United States New Jersey Banking Law
-
Debt collection can a debt collector legallly take an entire balance from a bank... Asked 5/24/09, 11:17 pm in United States New Jersey Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
