does PMI pay mortgage in case of the death of the insured?

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Posted: Thu Feb 25, 2010 2:48 pm Post subject:

No PMI does not pay off the loan in the case of death. PMI protects the lender in the case when the loan is defaulted upon. Is the condo in foreclosure? If so, I think that the proceeds from the probate would actually pay the loan off, if your husband's estate was left to her. But that may not matter.

Trench

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Joined: 16 Sep 2009
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Location: Kansas City
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