Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
How does it affect a homeowner if the lender that provided the 20% of a 100 % finance is declaring chapter 11?
the lender that holds the 20 % of the mortgage is declaring chapter 11 bankruptcy. how does that affect the homeowner and the loan he has with them?
4 Answers
- ?Lv 79 years agoFavorite Answer
No effect at all. 99% of the time a company claims bankruptcy the court permits the company to continue conducting business. You do not enter into the equation at all.
- M WLv 79 years ago
You still have to pay as agreed in any documents you signed. The Bankruptcy Trustee will appoint someone to oversee the everyday business of the failed company. Their bankruptcy does not affect you, except you may be advised to send your payments to a different entity.
- Anonymous9 years ago
you sure they didn't already sell that 20%?
