On this week’s Preforeclosure Daily Grind “Tip of the Week” we uncover the little known facts behind Mortgage Insurance and how it can end any successful attempt at getting a short sale accomplished. Listen in as we not only tell you how to plow through this roadblock but we also go over what mortgage insurance is, what role it plays when going through your short sale transaction, what steps and decision makers you need to go through before you get your short sale accepted, the guidelines for MGIC (one of the nation’s top mortgage insurance companies) and what they’ll allow a 2nd mortgage to “net” in a short sale closing, what one of our top government sponsored enterprises (GSE) will allow 2nd mortgages, and much more.

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This week’s PreForeclosureDailyGrind.com video covers how to get a short sale acceptance letter amended and how to make sure it says what your Title Company wants it to say in order to get title insurance. Whether you are an investor and your intent is to buy and flip or you are an agent and your intent is to work the short sale for a commission you will need to watch this video! For more videos visit www.PreForeclosureDailyGrind.com and to ask real estate questions visit www.AskBobLachance.com.