This question Can the bank hold your savings if your house is in forclosure,
holds much importance in the procedure of foreclosure.
Basically this all procedure of foreclosure rely upon the laws and principles of
company or bank performing the foreclosure of any property.
Mostly banks start foreclosure after 3 nonpayments.
It issues the notice to warn the customer about nonpayments,
if customer doesn`t react on that notice then bank has to perform auction or foreclosure or it may hold your savings.