PMI - the new debt collector

[Widdle]

Private Mortgage Insurers -- a new creditor/debt collector that needs to be added to the BK Petition?

http://blogs.tampabay.com/realestate...tampa-bay.html

[StartingOver08]

If you are paying an MI co directly in your mortgage, then yes add them to your matrix.

But many people has MI and don't know it because it was lender paid at the time the lender sold the loan. This pops up all the time here in Fl when negotiating short sales on loans originated within the last decade the MI co requires the seller to sign a note for X or bring cash to closing. Naturally, if you sign a note, they want about double what they will accept if you bring cash to close.

[sofarsogood2]

Glad I bugged my attorney to include them!