We have been working with Wells Fargo to short sale our home and want to thank you for your contribution to helping not just realtors/brokers to sort through this process but also the homeowners. We have gotten so much from your blog!

We have finally gotten an approval letter from WF but there is one thing I am not clear on. We have only the first with no second liens although we did have mortgage insurance, as we only had put down 10%. We negotiated with the mortgage insurance to accept a lump sum payment at closing as WF told us we needed not only the investors approval but also the MI company. My question is about the approval letter. They are stating that this approval covers only the first lien not any junior liens, would the mortgage insurance count as a junior? We are just concerned about them coming after us for  their loss as we have not received any written confirmations as to our agreement with them and they are not mentioned in the approval letter nor is the lump sum payment. The only monies stated are what the expect to receive in total,  commission allowed and approved closing seller closing costs. We just want to be sure not to have any nasty surprises come our way further down the road, we would rather know the potential ramifications upfront. Thank You

I  was asked by my son to add him to my mortgage , iwould like to know what are the pro's an con's of

doning this. i'm in good standing with my mortgage company, and  what will this do to me putting him on it.   THANKS   DGP USN RET