Re: DJ Confusion
Posted by John Galt on December 21, 2008 at 13:22:25:
In Reply to: Re: DJ Confusion
Posted by Frank on December 21, 2008 at 10:26:04:
I know the lender has been talking to Genworth (the insurer) and I have also been contacted by them. They called to see if I wanted them to try to come up with a workout plan. They've surfaced at the eleventh hour, I've already been down this road with Amtrust and a workout program is not a possibility. Guess they're trying to minimize their loss.
So since the mortgage is insured, would the lender still have reason/right to pursue a DJ? It appears that their exposure is covered by the PMI. Can the insurer try for a DJ?
Follow Ups:
- Re: DJ Confusion - Frank 14:25:27 12/21/08
(0)
