Richard Zaretsky
Florida Real Estate Attorney
West Palm Beach,
FL
More about me…
THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY
Address: 1615 Forum Place, Suite 3A, West Palm Beach, Fl, 33401
Office: 5616896660 x 107
Mobile: (561) 329-2279
Legal true life experiences, general observations and commentaries for Realtors, Lawyers and Mortgage Brokers - also see our Palm Beach County Short Sales group blog.
var _clustrmaps = {'url' : 'http://activerain.com/rpzaretsky', 'user' : 949532, 'server' : '3', 'id' : 'clustrmaps-widget', 'version' : 1, 'date' : '2011-11-03', 'lang' : 'en', 'corners' : 'square' };(function (){ var s = document.createElement('script'); s.type = 'text/javascript'; s.async = true; s.src = 'http://www3.clustrmaps.com/counter/map.js'; var x = document.getElementsByTagName('script')[0]; x.parentNode.insertBefore(s, x);})();
Mortgage Insurance has become a problem when negotiating a short sale. What seems like a straight forward negotiation becomes one of hard fought demands to reach a viable solution. The reason is the existence of mortgage insurance on the mortgage loan. Now many borrowers hear that the lender's mortgage insurance company is making demands upon the borrower in a short sale and wonder why there is mortgage insurance? Lenders always required mortgage insurance if the loan being made was greater than 80% of the value of the home when the loan was made. It was typically called PMI.
;)
;)
;)
