Legal Question in Real Estate Law in Ohio

home repossession

can the bank come after my car, checking/savings accounts or other property i own?


Asked on 1/08/09, 8:18 am

1 Answer from Attorneys

J. Norman Stark J. Norman Stark , Attorney, Architect

Re: home repossession

Dear Inquirer: Your concerns, in connection with the repossession of your home, is whether or not your personal property may be subject to attachment?

Answer: Yes! The lender may seek a deficiency judgment, to force you to pay the difference between whatever they can obtain for the property at a distressed sale, and the amount you owe on the defaulted mortgage, plus legal fees, etc.

I strongly urge you to seek legal advice ASAP to protect your assets from attachment.

Good luck. Sincerely, J. Norman Stark.

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Answered on 1/08/09, 9:00 am


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