Do Short Sales take longer with Mortgage Insurance

By admin • December 6th, 2009

This is an email that I got from a Loss Mitigation Specialist from Indymac Bank:

Chris,

This file has mortgage insurance. I will have to pull the required documents and send to the MI company for MI approval of this offer. Be advised this process can take up to 2 weeks or longer. If we get approval from the MI company I will then review the file and turn in the file for managerial approval. If they deny the offer, then I will send you a denial letter.

Thank you,

Indymac Mortgage Services-A division of OneWest Bank Kerry N. Loss Mitigation Specialist 2900 Esperanza Crossing Austin, TX 78758
866-332-0777

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