Foreclosure of First Mortgage, Second Mortgage Purchased

[kimber129]

My question involves a foreclosure in the State of: Arizona
I am going to have to foreclose on my home, I have lost my job, in the mortgage business of all places, and my son became very ill last year and the hospital and doctor bills are killing me. I have a second, it was with countrywide, its a heloc, they sold to BOFA, and I bank with b of a. NOW, I do have child support income, nothing CLOSE to making the mortgage payments with, but still its going into b of a account. Can the second mortgage, which again was not a purchase money, but a heloc I got 5 years ago, take money from my b of a accounts???

[Mr. Knowitall]

If you have money in a bank account, a deficiency judgment holder can be reasonably anticipated to go after it. I suggest that you consult a bankruptcy lawyer.