Welcome! Thank you for your question.
Unfortunately yes they can levy on her bank account. They can only levy on the account after a They cannot garnish her social security. This is actually a tactic that mortgage companies have used over the last several years. They started foreclosure but delayed the sale to keep them from being the owner and avoid paying expenses related to the property like taxes, HOA fees, etc.
You mother likely qualifies for legal aid services in her area. They are very knowledgeable of these tactics and have methods to force the bank for either complete the Deed in lieu or complete the foreclosure.
I cannot provide you with legal advise. I have provided you with information about the law related to your question. My answer, and any information that you find online, should not take the place of having a consultation with a lawyer in your area to advise you regarding your specific issues.
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