Wondering if you've had this situation, if so, any suggestions?
Have a young active duty military lady with 3 children that was transferred to England. We have short sale approvals on her home for 1st lien BOA and 2nd lien Greentree BUT United Guarantee MI is requesting $20,000 from her to be payable in $200 per month payments, interest free. Owner can barely make ends meet where she is now. I know the banks/.mortgage companies are regulated as to demanding money when their active duty military being transferred but not sure how to handle the MI on this one.
Any suggestions is greatly appreciated.
Thanks so much.
Paula McGuire
RE/MAX Infinity
3782 Highway 90
Pace, FL 32571
850-572-1754
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Hi Paula, I don't think they can do this to an active service member. Seems to me like it's a HUGE NO-NO WITH HEFTY FINES FOR THE companies involved. Contact your local state senator and congress person for help.
Beth Walsh
Tarbell, Realtors
4085 Grand Ave.
Chino, Ca 91710
951-966-1417
Beth@WalshSells.com