How to Manage Your Mortgage If Your Lender Closes or Files for Bankruptcy

Description
It"s very likely that a mortgage servicer that files for bankruptcy will sell its assets under the supervision of the bankruptcy court to another financial institution and transfer the servicing of your loan to another company. A mortgage servicer that simply goes out of business probably would transfer the servicing of your loan to another company as well.
Authored by
Federal Trade Commission
Energy Level
120
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