negotiating pmi: PMI mysteriously appears day before closing! - 10/14/09 09:49 PM
We received an approval of short sale on Sept 3, 2009. No mention of PMI. Now we are closing tomorrow and upon review by negotiator, suddenly PMI is noticed and sent the information. They come back requesting $25,000 promissary note payable at 0% int for 7 years at about 296 per month.
We were to close tomorrow!! Buyer has movers planned, Seller has taken day off work, and Wham! We are hit with this killer info that totally blows us out of the water! Unbelievable!
Did the Negotiator miss it? Whoever is responsible, does not matter. Probably will not close and … (6 comments)

 
Ray Spitler (Keller Williams Realty)

Ray Spitler

Saginaw, MI

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Keller Williams Realty

Address: 4177 Fashion Square Blvd #3, Saginaw, MI, 48603

Office Phone: (989) 607-6252

Cell Phone: (989) 737-8042

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Real estate in Saginaw, Midland and Bay County Michigan! Listings, Short Sale Specialist, Market conditions, activity, schools, relocation, Investing, help for homeowners to sell regardless of mortgage balance. Help avoid foreclosure.


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