Hello everyone this is Kelly Cook with the KC Real Estate Group, your Phoenix short sale specialist, thank you for your time today. Our team of short sale experts are working with distressed property owners in Phoenix every day to avoid foreclosure through the means of a short sale. If your mortgage is underwater and you are struggling to make your payments every month please take a minute to visit my website or contact me directly to learn more about your options.
For my blog topic today I wanted to talk with Phoenix homeowners about mortgage insurance and how it might effect their short sale. Mortgage insurance is utilized by lenders and investors in order to protect against default and can be found attached to most mortgages in Phoenix. In the event of a foreclosure or a settlement of debt, including a short sale, the mortgage insurance company is the one who loses and not the lender and investor on your mortgage. For this reason mortgage insurance companies can be very hard to work with and their demands can get pretty ridiculous. For this reason it is important to have an agent that has worked with mortgage insurance companies in the past and is not new to their tactics. I have closed over four hundred short sales in the last few years and would say at least twenty five percent of those involved working with a mortgage insurance company.
If you have questions about your mortgage insurance or the short sale process please fill out a contact form on my website or call me directly to chat with an expert about the options for your home. On my website you can also find our Short Or Stay Calculator that can help you determine if a short sale is right for you. Thank you for your time and I look forward to hearing from you soon at the KC Real Estate Group in Phoenix.