What happen if my home mortgage mound close their busienss. Can I stop paying mortgage?
Answers:
No - your mortgage and that business is transfered to the FDIC.
You're just paying the bank that serviced your mortgage loan. Odds are - the loan was sold to Freddie Mac or Fannie Mae anyway. Source(s): Former mortgage funding analyst
NO! You stipulation to keep paying the mortgage. The mortgage will be sold to another bank. Why would you potentially throw away adjectives the money you have invested.
You signed a contract that said you would pay the money final. That is what is wrong with USA now. Everyone requests to screw the other guy. Live up to your obligation and keep paying the loan.
no you need to continue paying your mortgage unless you want to lose it to foreclosure
No. Nice try. Unfortunately it doesn't work that method. The bank will sell the loan to another company. You'll obtain a notice in e-mail soon.
Related Questions: