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Can troubled morgage companies call in their mortgage loans?

Friday, October 31st, 2008
mortgage loans
Brandon E asked:


I’m current on my note. This is just a general question. I know about foreclosure for non-payment. I’m asking a hypothetical question. Can a mortgage company arbitrarily call in their home loans anytime they want and for any reason? or under what circumstances can they call in a mortgage loan, other than default?

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