For a shortsale the lender has to negotiate with the Mortgage insurance to also approve the sale. In a foreclosure the insurance has to pay what it has insured as a foreclosure is an involuntary and judicial process. the PMI is paid by the borrower but does not insure the borrower it insures the lender.

These are separate matters. Mortgage insurance is to protect lendersd when a buyer puts less than 20 percent down. It does not matter if the property is a foreclosure or not.


If this does not answer your inquiry, please contact me for further information.

Craig Fialkowski GRI,CDPE
EXIT Realty
561-827-1790
Newflproperties@gmail.com

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