Real Estate Law
Ask a Real Estate Law Question, Get an Answer ASAP!
The only way the creditor can get to this money is if you put it in a checking or savings account that belongs to you.
If you put the money in an escrow account at the bank, with a law firm, etc. that is not in your name, the money should be safe until transferred to the lender.
You could also keep the money in cash until you pay the lender. This would ensure the money went where you want it to go.
This amount is now in cash, I will go to the bank and get a cashiers check made out to the mortgage company and send it overnight mail to the address that they have told me to send it. Using this method should be safe and out of their reach?
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).