Profile picture for JordanaTaylor

Can a lender or lender's servicer take out credit enhancement insurance if the loan documents do not

say that they can and the borrower was not required to buy mortgage insurance at the time the loan was acquired? Somebody did this to me and now I cannot refinance my mortgage because I am underwater on the house and a new lender cannot get equal value mortgage insurance. It also makes me inelligable for HARP. HELP!
  • June 29 2012 - Vancouver
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

[Promotion and hotlink removed by Zillow moderator. Please see our Good Neighbor Policy.]

  • August 20 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

It may be prudent to contact a different lender to find out your rights. 
  • July 17 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.