Quote:
Originally Posted by ruth-gehrig
I still have difficulty wrapping my head around this but my mom had a friend when I was growing up who's mortage company went bankrupt - that was the end of the mortgage. It didn't get bought out!  . About half the original purchase price was wiped out. This was early 1990s in Kansas. I don't know the mortgage company name.
Seems the odds of this happening again would be nearly zero |
Crazy stuff happens sometimes, no doubt. But more often, the stories tend to be a lot bigger than the reality, particularly when it comes to investments, getting free stuff, and saving on taxes.