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Exactly how does PMI insurance work if a home goes into fore

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Posted: Thu Mar 05, 2009 5:11 am   Post subject: Exactly how does PMI insurance work if a home goes into fore   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?	mjsmith1 New member Joined: 05 Mar 2009 Posts: 1 1.28 Dollars($)
Posted: Fri Mar 06, 2009 1:29 pm   Post subject:    i suppose this is the topic of mortgage forum.so it will be better to post this thread to mortgagefit forum. _________________ www.Parthaconsultancy.info Its my personal website.	amit Senior member Joined: 25 Jan 2009 Posts: 366 8.19 Dollars($)

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