I had a mortgageloan with Washington Mutual Bank, which was bought by Chase. I also had an account with this bank. I have some money in the Chase account and if I deposit my tax refund to this account, can Chase take this money due to my house being in foreclosure with WAMU?
If there is still money owed on the loan and if that loan is also owned by Chase, yes. There is a deposit and a debt and your deposit agreement will provide for setoff.
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If there is still money owed on the loan and if that loan is also owned by Chase, yes. There is a deposit and a debt and your deposit agreement will provide for setoff.
