The short answer is yes, but there are some things you should know about mortgage insurance first. Sometimes mortgage insurance can be a real pain to deal with in a short sale. Since the mortgage insurance company is insuring the mortgage lender against losses in the event of default situation by the homeowner, when a [...]
Tag Archives | short sale question
Question #8 – What If I File Bankruptcy During a Short Sale?
The Short Sale Monkey’s Most Commonly Asked Questions – Video Series Question #8 – What If File Bankruptcy During a Short Sale? This doesn’t come up very often, but when it does it can be very confusing. Homeowners facing foreclosure often get a kitchen table full of marketing messages from people that say they [...]
During an FHA Short Sale, Do I Have to Live In the House?
The Short Sale Monkey’s Most Commonly Asked Questions – Video Series Question #7 – During an FHA Short Sale, Can I Live In the House? There are situations when clients have lost a job, then found one in another city and have to move during their short sale process. Or, they have already moved and [...]
In a Short Sale, What If I Have More Than One Mortgage?
The Short Sale Monkey’s Most Commonly Asked Questions – Video Series Question #5 – In a Short Sale, What If I Have More Than One Mortgage? Quite often, homeowners faced with foreclosure think there is no hope, it’s a “lost cause”, it’s just too complicated, especially if they have more than one mortgage. They think [...]
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