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In a foreclosure Is the bank allowed to pursue your other assets like 401 k money in your saving can they put a lien on them
San Francisco, CA
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Posted 4 months ago in Foreclosure
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n a foreclosure
Is the bank allowed to pursue your other assets like 401 k money in your saving can they put a lien on them - Is this your question? Add additional information Answers (2)
Azwar-Radi M. Rashid
This attorney is licensed in Illinois.
Posted 3 months ago.
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If you placed your 401 k as a guarantee on the mortgage, then probably yes.
Margery Ellen Golant
This attorney is licensed in Florida and 1 other state.
Posted 3 months ago.
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Normally, retirement accounts are exempt from the claims of creditors. However, money in a savings account is not.
Please note that I do not practice in your state and that the above is not intended as legal advice, it is for educational purposes only. No attorney-client relationship is created or is intended to be created hereby. You should contact a local attorney to discuss and to obtain legal advice. |
