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My husband and I reside in Michigan and have two mortgages on our home. The first an FHA with Bank of American and a second conventional with Hfc. We can no longer aford to pay the mortgages and since we are both retired now would like to know if we walk away from our home can the mortgage companies attach our Social Security retirement benefits or my husband's retirement benefits from the City.
No sure about the garnishment question you have but wanted to make sure you know to call your mortgage company to ask about the new Aboma Mortgage motification that has been made available. I have two relatives who have qualified and they both had Countrywide which is now Bank of america. One relative tried to get the modification when it was Countrywide but they turned them down but now since it is bank of america the mortgage company actually called them to work out a deal. And they are no longer foreclosing on their home. Just wanted to share the knowledge. Good Luck and God Bless you and your family.