I've been reading through all of the threads and picked up some mixed answers on the " is it time to put our $$ under the mattress??" thread.
As of yesterday I was officially "late" on my mortgage. My loan is w/
CW and I'm located in FL. which is a recourse state so I'm planning on a DJ at about $50k plus, but hopefully not. The loan is in my name and my wife and I have joint accounts through are local bank not affiliated with
CW. I pay my mortgage online and used to have the amount automatically withdrawn every month but put a stop to that about 6 months ago.
We have about $20k in savings, and I'm concerned if I should move the cash out of the bank? I know
CW had access to my checking which is linked to my savings. If "they" were to come after us for a DJ would they be able to see that we have some liquid cash and try to get it? Should we pull it all out and put it into a safe or would we be red flagged for taking out a lump some? I'm not paranoid and I trust my bank, but I just don't wanna lose what we have. Thanks, and yes I posted a similar response in a different thread, but have had no replies yet and I got my paycheck and trying to figure out if I should just cash it or deposit it?