Can our 2nd mortgage company attach our wages once our home is sold as a short sale?
Written By: admin on October 3, 2009
One Comment
Our 2nd mortgage company is suing us for ,000 (the balance on our 2nd after they signed off the lien for the small sale). They have submitted paperwork to attach 25% of our wages until it is paid off? Is their any legal way out of this?
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It will be up to a judge to choose if it is legal or not. Now that they no longer have their security, they are entitled to get their money back in other ways.
You may need to get an attorney to protect your interest, and even then, you may not be able to stop it. He might be able to negotiate a payment plot in lieu of garnishment.
If you miss any payments, though, the garnishment will be re-instated.