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Anonymous Posted 11 years ago
Business & Finance
Failed bank/Chapter 11
Need some advice. My bank failed, and FDIC sold my mortgage to another bank. I was also only paying interest only payments before. Now the new bank wants the money owed previously. My questions are the following
1) FDIC most likely sold my mortgage for a discounted price, why do I have to pay the original loan amount?
2) Should I file for Chapter 11?
1) FDIC most likely sold my mortgage for a discounted price, why do I have to pay the original loan amount?
2) Should I file for Chapter 11?
Top answer
You need to consult a lawyer. This is a language forum.
- You need to consult a lawyer.
- This is a language forum.
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