Anyone work with Private mortgage insurance
Last night I looked at a home currently owned by a private mortgage insurance company. I am thinking of putting an offer in for $30,000 below ask. Does anyone have experience dealing with mortgage insurance companies...any information that could be useful in negotiation. I am basing my offer on 75% ARV less holding, rehab, and profit. I am meeting some subs on Thursday to nail down improvement budget prior to offer. I didn't know if anyone works with PMI (I have never) and might have insight as far as industry standard and protocol on PMI liquidation.
Thanks in advance for any help or consideration.
Mike