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Updated over 15 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Texas
  • Member since Jan 28, 2009
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Texas
  • Member since Jan 28, 2009
Connect
Account Closed
  • Texas
11
Votes |
122
Posts
Foreclosures

What happens to PMI in a short sale?

Account Closed
  • Texas
Posted

Im currently working on my first short sale, but was curious what happens to the mortgage insurance on a loan that goes through a short sale? I intend to get something in writing from the bank that releases the homeowner from any deficiency. However, does the bank then file a claim with the insurance?

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