My home is in Florida and has been for sale for 3 years. I am just entering default on both the 1st & 2nd, both attained at purchase in 2004. 2nd only has been refinanced from 32k to 50k for updates to the home in 2005. I moved to California last year for a job opportunity and now the home is no longer my primary residence. I lost my home owners exemption, my taxes quadrupled and the 5 year arm adjusts in October. My brother lives in California, were I lived 15 years ago. We have an old checking account he uses still, I am on as a signer only. I keep hearing that the mortgage company, both 1st & 2nd will be able to go into any account my name is on and take any money in them. How can I protect my brother and what little I have left in my own accounts. What else can the bank just take?