Is there anything to do?

[nancybotwin]

DH and I started a savings account for DD through ING. There was probably about $1200 in there. Our mortgage was also through ING. We closed on our condo yesterday (short sale) and last night were locked out of ING completely. Today when DH called we found out they closed DDs account and that money is gone. He is going to call ING at lunch time, but is there anything we can do? Or is that money just gone?

[y4m]

I don't know much about short sales, but I'd be shocked if ING can just take whatever they want out of your accounts without it being in some kind of short sale paperwork.

[kadams767]

Do you have your ING mortgage paperwork? Take a look and see if there is a provision somewhere in there for cross-default or setoff rights. Basically, either of those things being in there would be their grounds for closing the account and retaining the money in it. If you default on one account with them, they have the right to use funds from your other accounts with them to satisfy the default, essentially.