You don’t have to wander far on Google or Yahoo to find someone claiming to be able to do short sales quicker than greased lightning. But is there any truth behind those claims? Some, maybe, but there’s also a marketing aspect involved. It’s all in how you tell the tail. For instance, I recently closed [...]
Convincing a Bank to Allow a Short Sale
A short sale is sometimes the best option for a bank and homeowner. To avoid these costs, the banks will sometimes consider a short sale. You have to present them with a convincing case that this option is in the best interest of the bank. You also have to explain to them why you’re unable to pay on your mortgage.
Private Mortgage Insurance (PMI) – Who does it cover?
HopeForIdaho helps a lot of clients out with short sales and a common question we get is “I have Private Mortgage Insurance (PMI) so they cover me if I default right?” Not quite, read on for an explanation of who it covers in Idaho…
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