How far can a Mortgage Lender go to collect Deficiency Judgments?

There is no guarantee that the lender will always try to collect the deficiency judgment. Yes, having a judgment doesn’t mean the lender will surely collect it. After all, lenders will have to spend enough to pursue the collection. Only if you’ve enough bank balance, steady source of income or other real estate properties, then your lender may try to collect the judgement.

Private Mortgage Insurance helps lead the way in the Housing Recovery

Private Mortgage Insurers leading the way in housing recovery   One of the earliest indicators of the housing meltdown which began in 2007 was that issuers of Private Mortgage Insurance (PMI) began to contract their underwriting guidelines for issuing PMI policies.  In fact, so bad was the meltdown that many PMI companies either stopped issuing…

What is Private Mortgage Insurance?

Contents What Private Mortgage Insurance and why do I have it?Years ago when your grand parents bought a home they saved each extra penny they could until they had enough for a down payment that was equal to at least 20% of the  price of their dream home. What Private Mortgage Insurance and why do I have it? Years ago when…