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Our home is in foreclosure. We have been paying PMI, if we dont qualify for deed in lieu of foreclosure will PMI cover the balance owed

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Icon Mini Profile snocrazy719





Joined: 19 Aug 2011

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1.23 Dollars($)
Post Posted: Fri Aug 19, 2011 4:25 am    Post subject: Our home is in foreclosure. We have been paying PMI, if we
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after the home goes to auction
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
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Post Posted: Sun Aug 21, 2011 10:54 pm    Post subject:
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Welcome snocrazy,

Yes, the pmi will cover the deficient amount resulting from the sale of the property if it is foreclosed by the lender.

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