settling-a-mortgage-shortfall

Success Story: Settling a Mortgage Shortfall Debt with a Mortgage Insurer

24 Oct 2020

Often when people take out a mortgage, their bank asks them to obtain mortgage insurance. But this doesn’t protect the borrower, it protects the bank. When a property is sold and there is a mortgage shortfall, the bank claims on the insurance policy and the insurer then chases the borrower for the mortgage shortfall debt.

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