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What happens if the lender has gone out of business?

April 26, 2017Business gone happens Lender

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What happens if the lender has gone out of business?

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Not much of anything happens when the lender goes out of business. The money is still owed and the lender will still attempt to collect it. A note may be sold to another servicing agent, which only means that the payments will be sent to a new company.