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: 06 Mar 2009 01:29 Post Subject:
i suppose this is the topic of mortgage forum.so it will be better to post this thread to mortgagefit forum. :arrow: