If my bank goes bankrupt who will service my loan. Yes, my mortgage is with the bank not a3rd party.?
What happens to loans when the bank closes or goes out of business. For instance I had over 5000 in credit that I owed COMP-USA. When they closed that was written off.
i have a ajustable rate that i was promised i could refi within 2 years,now my mortgage company will not service any loans in ct. i am behind on alot of bills, my income is less than last year,i work on commission basis.should i start paying what i can afford on my mortgage? i have three children and i am a divorced parent doing the best i can. my credit is not that great