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Stuck_In_FL · 03-04-2009, 10:47 AM

I know the title is clear and up to now I am current. Property has been listed for several months at a break even price so I don't know what they will have to say about that. Another downside is I put less than 20% down so there is PMI on the loan and I don't know if they will just let me go down in flames and collect from the insurance company. Nothing is moving in my area, short sale or otherwise. I expect that if it goes through I'll encounter the same promissory note situation that you did and I'm ok w/ that. Hopefully they will see from a business perspective that it would be cheaper and easier to work w/ me on a resolution other than a foreclosure. I guess time will tell.

03-04-2009, 10:47 AM	#29 (permalink)
Stuck_In_FL Member Join Date: Nov 2008 Posts: 15 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: CW Deed in Lieu SUCCESS!! I know the title is clear and up to now I am current. Property has been listed for several months at a break even price so I don't know what they will have to say about that. Another downside is I put less than 20% down so there is PMI on the loan and I don't know if they will just let me go down in flames and collect from the insurance company. Nothing is moving in my area, short sale or otherwise. I expect that if it goes through I'll encounter the same promissory note situation that you did and I'm ok w/ that. Hopefully they will see from a business perspective that it would be cheaper and easier to work w/ me on a resolution other than a foreclosure. I guess time will tell.