How Much Damage does a Mortgage default Do to Your Credit rating?
Sunday, June 21st, 2009
intrepid1 asked:
Would you care to obtain another mortgage down the road? Anyone know about an agreement to stop the loss of the mortgage company to eat some costs so you can sell your house? I've also heard if the PMI insurance covers 20% of the loss to the bank then you have to pay income tax on that money, is that true? Thank you.
Charlene
Would you care to obtain another mortgage down the road? Anyone know about an agreement to stop the loss of the mortgage company to eat some costs so you can sell your house? I've also heard if the PMI insurance covers 20% of the loss to the bank then you have to pay income tax on that money, is that true? Thank you.
Charlene