If we were paying PMI insurance and we decide to quit paying and walk away.;?

Answers:5   |   LastUpdateAt:2012-11-06 00:17:02  

Question
samtha
Asked at 2012-09-04 11:47:02
Will keep the lender to come after us ? We refinanced seven months ago and now do not want the house and is an FHA insured loan .
Answer1dee deeAnswered at 2012-09-08 04:26:03
No.. It will not keep your lender to come after you .. you owe them money . Either pay or destroy your credit and future to be repossessed or sell your home . MedlinePlus MedlinePlus
Answer2KillerAnswered at 2012-09-13 05:50:04
Again, not going to " retire " - MedlinePlus is a foreclosure. MedlinePlus PMI protects the lender , not you . MedlinePlus MedlinePlus If you do not want the house anymore, sell . MedlinePlus MedlinePlus I recommend you start loving honor their obligations and make responsible decisions .
Answer3CheukAnswered at 2012-10-03 06:43:30
When you sign a loan agreement , you agree to pay . You need a better reason than " we do not want the house anymore. "
Answer4ChaneyAnswered at 2012-10-09 17:32:36
NOT . Private mortgage insurance is supposed to help in disaster situations , as if one of you died or was disabled in an accident or something. That is why if you want to keep your home , but suddenly and unexpectedly unable to make payments. MedlinePlus MedlinePlus It is for people who have voluntarily committed to make payments and then change their mind and decide they do not like having adult responsibilities .
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