A few clients of mine have asked me the question "can my mortgage company close and cause trouble with my mortgage payment?

The simple answer is that the terms of your loan are legally fixed, and cannot change, no matter who takes over your loan. The more in depth answer is that if this does happen to you, (hope not) make sure you keep a watchful eye on your account to make sure payments are applied properly, your taxes are paid, etc. It's a paperwork nightmare for them, and could trickle down to you.

One of my clients who's mortgage was sold to another company BEFORE she even made her first payment on her new home last month. And it's been sold again, since then due the mortgage holder's financial troubles. It happens especially with great loans, just stay on top of this, but it can get time consuming!