question

If I have a current debt for a house I cannot sell with a a different bank than I have accounts with, and I deposit money from a land sale that was given to me, can that money be taken by the bank as payment?

2 Answers

Vote up!
0
Vote down!
0

Normally, yes. Your bank may take money from your deposit account to make the payment on your house debt that you will owe to the bank. They will do it if you are not paying that loan on time. This process is known as the right of offset.

It's Tiara

Vote up!
0
Vote down!
0

Yes, I think they will consider it as payment.


Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 14 and 0


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 0.134 seconds.