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What
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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