law books bankruptcy
What should I do now that my mortgage Fortes Financial, business has gone belly up?
I just had to focus on an investment sale in October with Fortes Financial. I sent in my first payment for December. But I am not a coupon book for future payments had received, and I began to wonder, as 1 January imminent. So I hopped over to investigate the Internet, and lo and behold, Fortes Financial is dead. I understand that my loan laws is an asset to Bankruptcy after being treated, and that another lender will end up with my credit. But I have not heard of any such acquisition. So what do I do first January? I would not be in default or not. Help please! Thanks.
Simple answer: keep paying as normal. So make sure to keep proof of payments you have made. The only risk to you is that the loan will be sold, can and may lose them a payment in the middle of the sale, so if you unrefutable Proof of all payments, are you sure. The fact that the institution would have filed bankruptcy can not modify at all the status of your mortgage. The mortgage is still there, and, finally, someone else will become the new owner. In the meantime, it will be administered by the bankruptcy court.
SAN DIEGO BANKRUPTCY LAW | 2005 Tax Law Changes
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