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Old Oct 30, 2009, 4:22 pm
  #6005  
cepheid
 
Join Date: Feb 2005
Location: Boulder, CO
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Originally Posted by edwin_p_morales
unlike your checking account they can't just unilaterally cancel your 30 year mortgage and tell you to get lost
Actually, they can. It's called "calling the loan." If your Note has verbiage that allows the bank to call the loan at their discretion, they can most certainly do that. Not all Notes have this (in which case you'd be safe), but many do.
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