Can troubled morgage companies call in their mortgage loans?
Posted in Mortgage Loans on 05/30/2011 10:16 am by admin
Question by Brandon E: Can troubled morgage companies call in their mortgage loans?
I’m current on my note. This is just a general question. I know about foreclosure for non-payment. I’m asking a hypothetical question. Can a mortgage company arbitrarily call in their home loans anytime they want and for any reason? or under what circumstances can they call in a mortgage loan, other than default?
Best answer:
Answer by acermill
They cannot call them in as long as you honor your terms of the agreement. A mortgage is a contract, and both sides are required to honor the terms of same.
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