Mortgage insurer took the full loss in this case not the investor. In most instances, the mortagage insurance company will requir promissory note from the seller. After a tough tight, we were able to ensure no promissory note and zero out of pocket expenses for the seller.
“Dan was patient with our language barrier and kept us in the loop during the entire process. He and his loss mitigator fought hard to eliminate the $30K promissory note that the bank wanted from us. I am very fortunate to have been referred to Dan and would recommend him to anyone.” – Dario R.
