http://eugeneloanguy.com/2009/07/13/private-mortgage-insurance-and-short-sales/ Eugene and Springfield's Source for Real Estate Mortgage Loan Information -- a FHA/VA/USDA Loan Specialist Tue, 31 Aug 2010 06:43:40 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://eugeneloanguy.com/2009/07/13/private-mortgage-insurance-and-short-sales/comment-page-1/#comment-580 fchamberlin Thu, 15 Oct 2009 19:12:51 +0000 http://eugeneloanguy.com/2009/07/13/private-mortgage-insurance-and-short-sales/#comment-580 Angie, I can't say what is going on with the lender. I do know that the mortgage insurance companies have often held things up because they want the seller to sign a note for the amount they are covering. In reality, you can't blame either one of them for trying to cut their losses. Is it legal? Ask an attorney. Sorry but I can't help you on this. Angie,
I can’t say what is going on with the lender. I do know that the mortgage insurance companies have often held things up because they want the seller to sign a note for the amount they are covering. In reality, you can’t blame either one of them for trying to cut their losses. Is it legal? Ask an attorney. Sorry but I can’t help you on this.

]]> http://eugeneloanguy.com/2009/07/13/private-mortgage-insurance-and-short-sales/comment-page-1/#comment-579 Angie Thu, 15 Oct 2009 02:01:23 +0000 http://eugeneloanguy.com/2009/07/13/private-mortgage-insurance-and-short-sales/#comment-579 I have mortgage inscurance and I am also in the process of a Short Sale. We have lost 3 offers in the past 9months because the Bank is not responding. We have confirmed with BofA that we have submitted accurate and complete paperwork on our end. In your openion is BofA just waiting for teh forclosure so the can collect on the insurance and then sell our home outright to make a profit. Is this legal? I have mortgage inscurance and I am also in the process of a Short Sale. We have lost 3 offers in the past 9months because the Bank is not responding. We have confirmed with BofA that we have submitted accurate and complete paperwork on our end. In your openion is BofA just waiting for teh forclosure so the can collect on the insurance and then sell our home outright to make a profit. Is this legal?

]]> http://eugeneloanguy.com/2009/07/13/private-mortgage-insurance-and-short-sales/comment-page-1/#comment-473 New Mortgage Info » Blog Archive » Private Mortgage Insurance and Short Sales Mon, 27 Jul 2009 17:41:08 +0000 http://eugeneloanguy.com/2009/07/13/private-mortgage-insurance-and-short-sales/#comment-473 [...] fchamberlin wrote an interesting post today onPrivate <b>Mortgage Insurance</b> and Short SalesHere’s a quick excerpt [...] [...] fchamberlin wrote an interesting post today onPrivate <b>Mortgage Insurance</b> and Short SalesHere’s a quick excerpt [...]

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