The Federal Trade Commission has released a new “Facts for Consumers” publication that advises people what to do if their mortgage company or mortgage servicing company closes or files for bankruptcy.
“How to Manage Your Mortgage If Your Lender Closes or Files for Bankruptcy” has several situation-based tips for consumers related to servicing transfers, escrow accounts, and payment disputes.
Copies of the document are available on the agency’s website at: www.ftc.gov or by calling 1-877-FTC-HELP.

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