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Okay, but nobody really answered my question. Can the 2nd mortgage put a levy (apologize if I'm not using the word correctly) on our bank accounts? Our legal documents say that the only collateral...

I haven't read ALL the comments, but it seems that a lot of people have given you a ton of info (some good and encouraging, others, just ignorance). But, one point that I believe that wasn't touched...

I was under the impression that the 1st mortgage can ONLY "recoup" the home. But, other than our vehicles, we have no other assets. No 401K, no investments etc.

Could the home equity do a one...

If I foreclose on my home, can the 1st mortgage company or the 2nd (home equity) try to recoup the money from my accounts through a bank levy? Or is that only used with past due taxes to IRS,...