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  1. #1
    Join Date
    May 2009
    Posts
    1

    Default Foreclosure of First Mortgage, Second Mortgage Purchased

    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???

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Foreclosure of First Mortgage, Second Mortgage Purchased

    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.

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