Here is a quick question that I am puzzled over. Seeing as I almost had to accept one of the AIG`s mortgage products a few months back, ( Fortunately i got Firstline`s product), I am wondering what would happen if today I had that same AIG product and;
1. If the US government had not stepped in to save the company.
and
2. The company went into bankruptcy;
What would happen my equity in the property? Who gets the property etc etc.
I am assuming of course that the AIG Insurance company and mortgage lending instutution are closely linked.
A rather naive question I know but thanks for answering in advance,
Have a great day
Donal.
1. If the US government had not stepped in to save the company.
and
2. The company went into bankruptcy;
What would happen my equity in the property? Who gets the property etc etc.
I am assuming of course that the AIG Insurance company and mortgage lending instutution are closely linked.
A rather naive question I know but thanks for answering in advance,
Have a great day
Donal.
