Can my mortgage lender take away funds from my checking account without my permission?
Written By: admin on January 20, 2010
One Comment
I’m nearly three months behind with my mortgage payments. I bank with Bank of America which also happends to be the parent company of my lender (LaSalle Bank). Do they have the right to take my money? Do you reckon my lender is aware I have a checking account with them?
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Tags: bank of america, checking account, lasalle bank, money, mortgage lender, mortgage payments, parent company, three monthsTags: bank of america, checking account, lasalle bank, money, mortgage payments, parent company, three months
Check your contracts on both the mortgage and the checking account. You probably agreed to this when you signed them. If you’re behind on your mortgage, then yes they can take the money from your checking to pay the mortgage.