Hi There;Please do nt lull yourself into thinking that the mortgage insurance you pay will protect you.It is for your lender only. It insures they will get their money.If it sells short, you may find yourself in trouble with the lender still. I've heard that some lenders will send you a 1099 for the difference if it sells short and puts a major ding in your credit.You never said if you can afford the payment on the mortgage. Is it possible to stay there?I wish you the best. Jeffrey Ragan
|