What happens to a mortgage if the lender goes bankrupt?
August 17th, 2007 | by saulgoodman |If my home mortgage holder is Countrywide (it is), what happens, in practical terms, if Countrywide were to go bankrupt? Would they call the loan, forcing us to get financing elsewhere to cover it? Or would another lender assume the debt without our having to take any action? Or what?

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