Can a bank withdraw funds from an account I have at a different bank to pay an overdue loan?


Posted October 27th, 2009 by admin 1 Comment »
bank
Martha B asked:


I have a mortgage with a bank. The renters left and I have no way of covering the mortgage until I get new renters. The bank took the mortgage out of my checking account. If I close this checking account and open another one at a different bank can they access my new checking account to get their funds.

How does a bridge loan work? Are you making double mortgage payments until your house sells?


Posted February 20th, 2009 by admin 3 Comments »
bridge loan
Dona P asked:


or just paying interest on the bridge?