Re: How MI/PMI affects a Short Sale?
Posted by Merdog on August 27, 2008 at 12:26:25:
In Reply to: Re: How MI/PMI affects a Short Sale?
Posted by njd on August 27, 2008 at 11:03:33:
I'm not sure I understand all of your last response (origination, servicing, delinquency and foreclosure) other than the BPO value. The offer is 22% less than the original loan amount and the last loan payment is more than six months late. A foreclosure has not occured as of yet.
seller contribution will most likely not be an option since the seller is insolvent.
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