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Old 08-20-2007, 02:56 PM
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Default Mortgage company bankrupt
What happens when your mortgage company goes bankrupt?
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Old 08-20-2007, 06:29 PM
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I suppose you mean what happens to your loan? Nothing really. Another finance company will purchase it and you'll make your monthly checks to someone else, that's all.
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Old 08-21-2007, 12:35 PM
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Mortgages are sold everyday on the secondary market. Not many keep the loans in house. It shouldn't affect your loan.
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