Share 'What do you do when the MIP company wants seller to pay like $40,000?'
Any advice? I have a realtor friend who got her B of A short sale approved, then along comes the MIP company and throws a monkey wrench in the program by demanding $40,000 from seller. This is NOT going to happen. Seller has even offered $10,000. Why would MIP be so stupid? We are almost closing escrow by Nov. 30, 2010. If home goes into foreclosure they get nothing? Any help?
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