Jay H
Senior HTF Member
As a policy/mortgage holder, I'm wondering what happens to one's mortgage when/if a lender or mortgage company goes kaput? I presume some other mortgage company will buyout the mortages/liens current held by the current provider, but is this transparent to the holder? Could the new provider drop certain mortages based on it's whim? Would the existing holder have to pay any fees during the transfer of the policy to the new owner?
Just wondering with all this talk about subprime and mortgage companies...
Jay
Just wondering with all this talk about subprime and mortgage companies...
Jay