Radian Group Inc
Thanks For Adding to My Stress Radian

Unfortunately, my spouse decided to leave me in October. We did not plan this as no one plans for a divorce. We were respectable professionals both with credit scores well above 800. We put 20% down on our home and as a result did not need mortgage insurance. As we worked our way through the divorce procedures it became obvious that we would not be able to keep our home. As neither of us could afford the home independently only with Joint incomes could we remain in our home.

It appeared to be a godsend when we received an offer on our home in the first week it was listed given the tough California mortgage market. Wells Fargo Bank who originally originated the loan and an undisclosed investor who later purchased the loan both approved the short sale. However, unknown to us, the investor had purchased insurance from Radian Group, Inc. (which does not appear to have very stable ratings from the financial sector). Radian will not approve the short sale, even through we never had any relationship or dealings with this company.

As a result of their failure to approve the loan, they are offering me no choice other than to allow a foreclosure. The frustrating part is Radian will not provide any information other than a cryptic statement about curtailment of the balance.

There unwillingness to negotiate with us is causing a tremendous amount of anxiety to an already stressful situation as losing my spouse. It just doesn't seem fair that a company that I didn't even know existed would rather push me in full foreclosure that to attempt to help the bank and investor mitigate their losses. I cannot understand how Radian would not be responsible for mitigating the loss to the investor. Isn't this the point of Insurance? So Now rather than a $92,000 the investor and bank will take a $470,000 hit.

Radian is an evil, heartless company that I feel for any other consumer that has been pushed to the worst possible thing that could happen the loss of your home and then not even provide an explanation as to why.

Company: Radian Group Inc
Country: USA
Address: 1601 Market Street Philadelphia PA 19103
Phone: 2152311000
Site: radiangroupinc.com

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