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Entries Tagged as 'Mortgage Company Bankrupt Payments Home House Fixed Rat'

If Your Mortgage Company Goes Bankrupt – Who Gets Your Payments?

September 18th, 2008 · No Comments · Banking, Bankruptcy, Consumer Debt, Mortgages

Your mortgage remains in effect. Even if the lender goes out of business, someone else will take over the bankrupt company’s assets (the loan to you) and demand payments from you. If you don’t pay, they will take your house. You may even be sending your payments to a bank trustee (the entity who is [...]

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