Originally Posted by Diane Campbell
Originally Posted by Sting
So what happens if one was to take a loan for a house and the bank goes under? What would happen to the loan and/or property?


The house loan is an asset of the bank that made the loan. The assets of a failed bank go to whatever conservator or purchaser or other overseeing entity takes over. Your loan will not be canceled and you will be paying another entity.




Diane Campbell seems to be a very intelligent lady.