foreclosure/garnish
Posted by Ed Lopez on November 15, 2007 at 19:19:29:
My brother is a 74 yr old disabled vet. He took a 1 year option ARM in a desperate attempt to hang onto his house. It's a foregone conclusion that if he is alive when the mortgage pay't increases dramatically in 4 years, he will be facing foreclosure. He is living on $2100 a month total income from Soc Sec, VA pension, and a $300 pension from a former employer. He has no other assets except a car and furniture. When they foreclose, can they garnish any of his income, car, or furnishings.
Follow Ups:
- Re: foreclosure/garnish - Henry_CA 14:29:17 11/21/07
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- Re: foreclosure/garnish - jon 00:21:59 11/21/07
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- Re: foreclosure/garnish - Ed Lopez 09:22:17 11/21/07
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- Re: foreclosure/garnish - NJD 05:45:47 11/16/07
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- Re: foreclosure/garnish - Ed Lopez 09:39:49 11/16/07
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