Colli Real Estate

Can a director and / or force the lender place PMI (private mortgage insurance)? ?

Hello, I searched everywhere for the answer to a question … Can a director and / or force the lender place PMI (private mortgage insurance)? When I closed my loan had not AMP. After 1 year of residence at home and could not pay rents have increased and began … NEVER long history of tenant paid – so I put the house up for sale. I offer my real estate agent and has been submitted to the SPS (Service Select Portfolio) for approval has been signed to the short sale and said its approval is pending approval by company Radian PMI – What?? I never signed any documents that have some connection with the PMI and I have never ever paid PMI quantities … Radian want to sign a promissory note for $ 50K to a total loss of $ 80k in order to allow the sale! I think this is illegal, but is it?

Get a lawyer. The cost is $ 200 – $ 500 and he / she can save a lot of money, pain and suffering. Something here does not make sense, if an expert. Do not sign without notice expert.

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