New York  |  Real Estate Law

Legal Question

Asked on: 5/22/13, 6:15 pm

If I stop paying my mortgage,could they,meaning the mortgage company,freeze my bank account,and how long would that have to take before that happens?

2 Answers


Answered on: 5/23/13, 4:17 pm by Arnold Nager

They would have to foreclose, auction the house for less than the mortgage amount and then obtain a deficiency judgement. A while, at least.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Arnold H. Nager, Esquire 79 Cliff Street Hastings On Hudson, NY 10706-2101

Other answers from this attorney

Answered on: 5/24/13, 10:39 am by Walter LeVine

I agree with Arnold. Foreclosure, a judgment and then execution on your bank account. Probably several months.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Walter D. LeVine, Esq. 23 Vreeland Road #102 Florham Park, NJ 07932

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

115 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search