Frequently Asked QuestionsWhat if the Mortgage Company goes bust?The TITLE of the property or DEED is in your name and at all times you have LEGAL OWNERSHIP. In the unlikely event your Mortgage Company goes bust, it does not have right of claim to your property. The only claim is on the money borrowed, not on your property. Another financial institution may take over the defunct company. In the worst-case scenario you might have the inconvenience of simply refinancing with another financial institution. |
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