Mortgage Lenders?

Even if I have the time with my payments to the Home Mortgage. Can my home to lose, if, if my lender declares bankruptcy?

Lenders Mortgage

This entry was posted by admin on May 7, 2010 at 4:33 pm, and is filed under Loans and Mortgages. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.

#1 written by Qyllix 1 year ago

No, another firm will buy the assets from that company. Your mortgage stays the same.

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#2 written by Pengy 1 year ago

No it will be taken over by someone, the only problem that can hurt your credit is if you send the check to the wrong place. Keep in constant communication with them so an error like this does not happen. You need to be kept informed as to when, and where you should send your mortgage to. (there is sometimes a time delay in the change of companies)

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#3 written by Mr. Knowitall 1 year ago

No, you have nothing to worry about. Your mortgage may be sold or taken over by someone else, but the terms of the loan cannot change.
When you see lenders filing for BK protection, it is mainly the lending side that is in trouble, not the loan servicing side, although they’re often lumped together.

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#4 written by Christopher B 1 year ago

http:\tigersoftware.com

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#5 written by Katasha 1 year ago

No, what happens is all of their loans are sold to another financial institution who takes over administering them and collecting the payments. The loans are considered assets that are sold to pay the company’s debts.

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#6 written by Ken 1 year ago

No. If your lender goes bankrupt, the bankruptcy trustee will appoint someone to manage the current accounts. You will be protected.

Good luck.

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