If i foreclose on my home can the bank touch my retirement savings??

Question

If i foreclose on my home can the bank touch my retirement savings??

Answer 1

If the bank forecloses on your home they do have the legal right to seek a judgment against you.  Once this is in place they can start garnishing wages, take assets and things to pay it back. However, there are some restrictions and I am not sure if it differs state to state or if this is a general rule of thumb. Look up your states restrictions on the state site.

Answer 2

they can sue you for the money you owe.  be it savings, stocks, bonds.  they will take it!!!

Answer 3

I would ask this question to a lawyer to be sure.