MoneyWise :: If Your Lender Closes or Files for Bankruptcy

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Date Recommended: December 20, 2007

If Your Lender Closes or Files for Bankruptcy

Suggestions from the Federal Trade Commission (FTC) on what to do if your mortgage company or mortgage servicing company closes or files for bankruptcy.

When a mortgage company closes or files for bankruptcy, its customers may be left wondering about the impact on their own loans. The FTC advises consumers to continue to make their mortgage payments as usual. “How to Manage Your Mortgage If Your Lender Closes or Files for Bankruptcy” has several situation-based tips for consumers related to servicing transfers, escrow accounts, and payment disputes. The publication is available as a PDF and you can use the link below to download a copy.

Read: If Your Lender Closes or Files for Bankruptcy

Download PDF: If Your Lender Closes or Files for Bankruptcy