The bank moved to seize a widow’s home. But it didn’t tell her the loan was insured.

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“It’s a government insured loan that turns your home’s equity. in fees and the bank put a lien on the property for $470,000. Today at age 82, Mrs. Hickerson is a widow suffering from advanced.

If I’m Not on the Mortgage, Can the Bank Foreclose After My Spouse Dies?. Can the Bank Foreclose After My Spouse Dies?. A lawyer can tell you whether the law allows you to assume the loan, help you explore loss mitigation options, and fight the foreclosure in court, if necessary..

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I had also received cuts to my income and could no longer afford the home and was consumed in debt. I made the very difficult decision (after consulting 3 attorneys) to declare Chapter 7 bankruptcy and because the bank wasn’t responding to requests for a loan modification, I surrendered the home.

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Opening a Bank Account: What You Need to Know Why Open a bank account? Your money will be kept safe from theft, damage or loss and as long as the bank is insured by the Federal Deposit Insurance Company (FDIC), your accounts will be insured for up to $250,000.

investment and insurance products are: not fdic insured not insured by any federal government agency not a deposit or other obligation of, or guaranteed by, jpmorgan chase bank, n.a. or any of its affiliates subject to investment risks, including possible loss of the principal amount invested

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As it moved to seize home, bank never told widow her loan was insured | The Wichita Eagle. bank never told widow her loan was insured. "I didn’t know that the insurance policy existed.

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