If Citibank files for bankruptcy, because that is the news going around the banks, what about mortgage holders?

Posted on Oct 11, 2012 in Unique Loan Programs

Question by Sea: How can you refinance you home when your underwater by 100k?
And the mortgage company has denied the Obama refinance?

Best answer:

Answer by Rick B
You can’t. You will have to stick to your original agreement.

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Question by Alutiiq Beauty: If Citibank files for bankruptcy, order because that is the news going around the banks, what about mortgage holders?
CitiBank is one of the largest mortgage holders for America, what is going to happen to all the people who owe money for the mortgages on a home? What do you think? Honest opinions/knowlage please

Best answer:

Answer by JoJo31
With the current Home Mortgage situation the Government will take over the bank and you will pay your mortgage to them or one of their entities. No way are you going to get out of paying your mortgage.

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