getting short sales accepted: Short Sales and PMI - 07/14/08 11:06 AM
The deeper I get into figuring out short sales, and how to sucessfully get them closed, the more I'm suprised how many people (including the "experts" that teach at our local board of Realtors) are unaware of how PMI plays into the equation.  There are 3 questions you need to ask your loss mitigator during your first discussion that are critical to your success.  1) "Does this loan have PMI?" 2) "What is the loss ratio?" 3) "Who is the investor?"
While it's true that many borrowers were able to get around paying PMI due to the availablity of 80/20, 80/15/5, … (5 comments)