Legal Question in Real Estate Law in Utah
A close relative who is 86 years old owns a house in Utah but she is planning on walking away from her property for her house has become a burden. Mi question is: Can the Mortgage Company/Bank take her pension checks she receives monthly?
Asked on 8/29/10, 12:27 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
If she walks from the house, they can foreclose and may get a default judgment against her. However, most mortgage companies are not pursuing default judgments. (Most not all.) If they get a judgment against her they can take her assets, but not per pension or SS.
Answered on 9/06/10, 6:55 pm