Does anyone in Florida have any knowledge of loan docs or any kind of legal right the MI company may have to pursue a homeowner for payment of 74000 in claims from an MI company following a foreclosure? They are being pursued by a collection agency as if the seller should have known without having received any prior notice from the MI company. Is there some different law in Florida that allows this? Servicer was Wells Fargo, investor was Fannie Mae and I have never heard of this before. Any feedback as to how to track this even will be helpful. Is there some ruling that prohibits this? HELP
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http://kevinhardin.com/mortgage-insurance-companies-going-after-hom...
Great Link. Explains it fairly well...still there is a LOT more to his than discussed.
Deborah - Reference Florida attorney Richard Zaretsky's articles. He writes extensively about Florida foreclosures and short sales. http://activerain.com/blogsview/1153345/short-sale-and-loan-modific...