Anyone have approval and then at time of closing the file was declined because MI never approved it?

My agent didn't include the payoff to the 2nd, so in reality this approval would be void anyway. But has anyone ever received approval from the lender, to then have the file declined because MI didn't originally approve the SPO?

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Comment by Paola Martinsen on January 25, 2010 at 8:39am: Kelly, the question would be did you receive the letter in writing? If so, you can call the executive office and ask them to honor their word. Even if the MI company doesn't approve they can proceed with the short sale, they just cant ask the Mortgage insurance company to cover part or all of the loss depending on the coverage that they have.

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