Discussion » Questions » Finance » If a home is financed by a bank and the bank goes under, what happens to the house?
Honey Dew

If a home is financed by a bank and the bank goes under, what happens to the house?

Posted - March 13, 2023
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Responses


  • 10639
    Its foundation rots away until it falls over.  

    (Seriously) Whomever assumes the banks assets owns teh house (mortgage).
      March 13, 2023 3:04 PM MDT
    3

  • 2999
    Thank you.
      March 13, 2023 9:52 PM MDT
    2

  • 11005
    You get to keep it for free! Just kidding, the bank's assets ,including mortgages, will be sold and you'll pay the new bank or mortgage company. 
      March 13, 2023 8:20 PM MDT
    2

  • 2999
    Thank you.
      March 13, 2023 9:52 PM MDT
    0

  • 17596
    The mortage/note will land somewhere and the homeowner will be told where to make payments.
      March 14, 2023 1:43 AM MDT
    1