I’ve stopped paying my 2 mortgages because I just can’t afford it anymore since one of them went up by a thousand dollars. What can I expect my bank to do? I put my house on the market even though it is ~$80,000.00 less than what my combined mortgage is. My bank won’t try to [...]

The principle of my mortgage just passed the 20% threshold where I can cancel private mortgage insurance. However the bank notified me that they would have to assess the property to the tune of nearly $300 before they will cancel PMI. Is that standard practice, or am I getting hosed? Leo F: It is for [...]