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Barrister
Barrister, Attorney
Category: Legal
Satisfied Customers: 36984
Experience:  16 yrs practice, Civil, Criminal, Domestic, Realtor, Landlord 26 yrs
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Thank you! Can they come after my dad and put a hold on s

Customer Question

Thank you!Can they come after my dad and put a hold on his land, retirement and/or insurance
Submitted: 12 months ago.
Category: Legal
Expert:  Barrister replied 12 months ago.

Hello again,

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You might not have seen my answer in the other thread... If they foreclose using a "non-judicial" foreclosure, which is about 95% of them, then they just get the house back...period. They can't come after father for anything else.

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So odds are that they will just get the house back, sell it, and then claim a loss that the govt insurance will pay them off for.

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But his retirement is exempt under federal law from creditors and any life insurance goes directly to the beneficiary and isn't part of his estate.

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thanks

Barrister

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