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Updated over 16 years ago on . Most recent reply

Alex Aronson's profile image
Alex Aronson's profile image
Alex Aronson
  • Real Estate Investor
  • from Memphis, Tennessee
  • Member since Aug 3, 2008
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Alex Aronson's profile image
Alex Aronson's profile image
Alex Aronson
  • Real Estate Investor
  • from Memphis, Tennessee
  • Member since Aug 3, 2008
Connect
Alex Aronson
  • Real Estate Investor
  • Memphis, TN
1
Votes |
86
Posts
Real Estate News & Current Events

If your mortgage company goes bankrupt, what happens...

Alex Aronson
  • Real Estate Investor
  • Memphis, TN
Posted

My most recent acquistion had its mortgage sold to GMAC. I just read that GMAC may go bankrupt or out of business. If that is the case, what happens to my mortgage or mortgage payment?

Wishful thinking is that my mortage payment goes away, but then again, that is wishful thinking.

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