Legal Question in Banking Law in Virginia
Last week my homeowners assciation put a bank lvey on my bank account. Unfortunately I had just deposited cash in the account to cover my mortgage payment, which I was already a month behind on. Needless to say it froze those funds, and now I'm 2 months behind, and in a couple of weeks I'll probally loose my home, because of this levy. Is there anythin I can do, or did my homeowners Association just make me loose my home? Thanks
Asked on 11/25/09, 10:41 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
You won't lose the home that fast, if you are 2 months behind, but you need to get caught up. If you can't get caught up before they commence foreclosure proceedings, you may need to consider Chapter 13 bankruptcy in order to stop the foreclosure and give you an opportunity to cure the deficiency.
Answered on 11/30/09, 11:11 am
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