Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
*This chat is not intended as legal advice. It is general information that may or may not apply to your situation and should not be relied upon.*
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Typically the lender's bankruptcy has no effect on the homeowner and the homeowner must continue to make the mortgage payments
The FTC has issued a statement with facts for consumers whose lender has filed bankruptcy. You may read the fact sheet at this link: http://www.ftc.gov/os/2007/12/071219mortgage.pdf
The lender will remain responsible for any escrow deposit
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