by mj.smith1 » Thu Mar 05, 2009 05:11 am
How does the mortgage company collect on the PMI if a mortgage is foreclosed on? If a coveraed propetry is sold at a sheriff's sale and the proceeds goes to the mortgage holder does the insurance then pay to the mortgage company the difference between the sale price and the mortgage balance?
Posted: Fri Mar 06, 2009 01:29 pm Post Subject:
i suppose this is the topic of mortgage forum.so it will be better to post this thread to mortgagefit forum. :arrow:
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