Bellevue Short Sales: How To Negotiate So You Can Short Sale With No Deficiency

By
Real Estate Agent with Homes Northwest

Bellevue WA – If your loan has Private Mortgage Insurance, also known as PMI, then there is a high likelihood that they will request that you sign a promissory note.

Today’s blog post talks about how to convince the lender to waive it.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

PMI companies are notorious for asking for promissory notes. The reason they ask for them so much is because there is no risk in doing so.

If the home is foreclosed upon, then they will have to pay a claim for the loss. If the home is sold as a short sale, then they will have to pay a claim for the loss. Either way, they have the same result.

But, if they get a promissory note, then they get some money to help cover the claim. Either way, there is no risk to them. Click HERE to continue reading.

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Topic:
Real Estate Market Trends
Location:
Washington King County Bellevue
Groups:
Short Sales Specialists
REO's & Short Sales
Short Sale
Tags:
foreclosure
bellevue short sale specialist
negotiations
paul e nelson
avoid foreclosure
bellevue short sale
short sale process
bellevue real estate news

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