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I believe you, but how does that work? For example the federal government commonly buys mortgages. Since the federal government buys the mortgage, wouldn't it v
by sidewndr46 4y ago
I believe you, but how does that work? For example the federal government commonly buys mortgages. Since the federal government buys the mortgage, wouldn't it void out any state law around the mortgage?
- vinceguidry 4y agoForeclosure is a common-law procedure, subject to the laws of the state that the mortgage was taken out in. When the government needs to foreclose, they file it the same way everyone else does.