Many years ago, before I came over from "the dark side", I was a banker at a locally owned, independent national bank.
Best advise I can give is to continue repaying the money you borrowed to purchase your property from the financial institution regardless of its situation or ownership.
The mortgage that is secured by your property will always be "held" by "somebody" until you pay it in full.
If your financial institution is "bought out", make sure you correctly identify the new owner(s) and make your payments to them.
Always, always, always get a receipt for your payment from the new owner(s).
Also keep all statements from your financial instituion regarding your mortgage.
Your "paper trail" from the financial instituion is your best defense in a worst case scenario.
Most folks that work at your local financial institution are decent people.
A financial institution ( corporation ) is a bloodless, heartless, unconscionable, artificial "person" created by law.
Now I will make a shift from "preachin" to "meddlin".
Adjustable rate mortgages are a "b!tch".
SOB (Sorry Old Banker) that came up with that scheme should have been drawn and quartered!
No win situation for the homeowner.
SOB (Sorry Old Banker) that conjured up home equity loans should be buried up to his neck next to fire ant mounds!
No win situation for the homeowner with leveraged equity.
I can remember when it was unlawful in Texas to secure a loan with a lien-free homestead.
Folks had plenty of "free and clear" land, but could not borrow money against it.
Better stop for now because forum etiquette does not allow politics or religion.
I am getting close to "losing my religion" and possibly making some "politically incorrect" remarks.
In all earnest, make your payments and keep your receipts.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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