Legal Question in Credit and Debt Law in Texas

Foreclosure

investment property in Texas is going into freclosure..can mortage co. attach our saving account

...question is from retired elderly couple


Asked on 12/13/07, 2:57 pm

1 Answer from Attorneys
Donald McLeaish McLeaish&Associates;, P.C.

Re: Foreclosure

If Mortgageis foreclosed and sold for less than amount owed, the lender has a right to be paid the difference..and normally sues..then tries to get your assets thru a Court order...Contact a lawyer or trustworth person to help now..at foreclosure..normally lenders bid very low...protect yourself..

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Answered on 12/13/07, 3:27 pm


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