If you have a loan contained by good standing, is at hand any possible concern if the lending company go belly up?
Answers: no if a mortgage co goes out of business they trade their loans to another lender so you will receive info from the new lend institution
That's a good cross-examine. It depends who the loan servicer was/is. Read the link below in the order of one lender who has no opinion who owns 490,000 loans sitting in a warehouse.
http://www.bloggingstocks.com/2008/02/11...
Mortgages are still dear so they will be bundled up and sold off to another company. Your loan will be sold to someone else.
Answers: no if a mortgage co goes out of business they trade their loans to another lender so you will receive info from the new lend institution
That's a good cross-examine. It depends who the loan servicer was/is. Read the link below in the order of one lender who has no opinion who owns 490,000 loans sitting in a warehouse.
http://www.bloggingstocks.com/2008/02/11...
Mortgages are still dear so they will be bundled up and sold off to another company. Your loan will be sold to someone else.