Effect of foreclosure on custodial accounts

09-21-2009, 04:53 PM

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Effect of foreclosure on custodial accounts

What is the name of your state (only U.S. law)? Florida

We have a vacation property in Sunny Isles Beach, FL & can no longer afford to make the monthly mortgage payments, so we are going to stop paying starting in October. We have depleted all our investment income with the exception of Custodial Accounts for our children. I'm wondering if these are safe, or if the banks can come after them too.

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