Legal Question in Real Estate Law in Georgia

What happens to a mortgage loan held by a lender who goes chapter 11 bankrupt, subsequently goes out of business through dissolution of the corporation, given the loan is not already sold to investors?

Is the mortgagee then in line as the lenders successor?


Asked on 3/30/11, 3:17 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

That depends on facts we don't have, and which you didn't provide.

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Answered on 3/30/11, 3:19 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

You still owe the money to someone. You failed to give us enough facts to determine whom.

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Answered on 3/30/11, 3:26 pm


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