Legal Question in Real Estate Law in Pennsylvania

Forclosure and frozen accounts

My mother in law is a diabled senior who was medically retired due to complications with eye sight from diabetes. She inherited a home from her mother and needed to refinance that home. In the past few years her payments were behind due to a 6000 dollar income tax owed and an eye surgery that was needed. She was also paying for additional insurance than Medicare and her perscriptions. The company that holds the mortgage is now forclosing on the house and we were told by someone who had gone through this same situation that her accounts would be frozen and all of her belongings would be taken after the sheriff's sale. Can they freeze her accounts when her only income is pension/medicare/disability? Is there a way that we can stop the forclosure without declaring bankruptcy?


Asked on 5/10/04, 9:33 am

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Forclosure and frozen accounts

I suggest you get legal counsel immediately. There is action that can be taken, but it is too complicated to discuss. You can ask the Bank to work out a mortgage modification agreement. If there is equity in the property it will be worth the effort. Her personal effects and bank accounts will not be in jeapody immediately. Much more information is needed. As a last resort bankruptcy can be filed. Gerald Hershenson Esq. 215-579-9390

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Answered on 5/10/04, 9:40 am


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