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Comments
This is a new one and I'm curious as to what leverage the MI Company feels they have considering the approval was already issued annd failed to include the requirement of the Promissory Note. My personal response to the MI Company would be thank you but the short sale has aleady been completed and if you have any further questions on this matter I would suggest you take these up with the mortgage servicer.
I'll be interested to see how this plays out. We recently experienced an approved short sale an no private mortgage insurance claim repayment demand in their approval only to have the homeowner/seller receive a letter from the MI company demanding a Promissory Note 2 WEEKS after the closing of the short sale.