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

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

Yes, I think they will consider it as payment.


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