Have Legal Questions? Ask a Lawyer Now.
Hi - my name is XXXXX XXXXX I'm a Consumer Protection attorney here to assist you.
Given the information you provided, there is little or nothing the bank can do to you if you stop paying the loan for the MH. This is because the pensions you and your wife receive are exempt (protected) from collection for most debts - including a MH debt.
Additionally, 401K accounts are exempt from collection.
I assume it woulb be smart to get a lawyer to assist me in this matter ? What speciality ?
You should, however, notify your bank(s) in person and in writing that the money in your account(s) is all exempt from collection so that they never allow your account(s) to be garnished.
It is not necessary to have an attorney for this matter. However, if you feel you should have one, you should call the Oregon Bar Association to ask for a recommendation for a "Consumer Protection" attorney. The number is:
Lastly, your home is MFG home would also be protected, because it is worth less than $50,000.
Ok, I'm feeling better already
Great! And if the bank harasses you more than you feel comfortable with, you can consider filing a Bankruptcy - to keep them away from you.
Don't I make to much to do that ?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).