Q: If you have a mortgage with a bank that goes bankrupt, do you still have a mortgage?
You still have a mortgage. The FDIC steps in to run the bank to include collecting money for credit obligations., i.e. credit cards, mortgages, auto loans. recreational vehicles, lines-of-credit...
They will sell off tangibles and intangibles to settle debts the bank owes creditors.
It's a MESS.
