Is it possible to refinance on a foreclosure?.?
Question:
on pre-forclosure, if it's your first time, yes. Hopefully youor credit still looks good.
It is possible, your own mortgage company might do it for you,lower your rate.
Yes you can do it. There are lots of foreclosure buyout loans. Rates may be a little harsh but it is possible.
YES ONLY IF YOU HAVE ALOT OF EQUITY IN YOUR
HOME THAT YOU LIVE IN.
RATES ARE VERY HIGH NO CASH OUT
ALSO THSE LOANS ARE CALLED HARD MONEY LOANS
IF YOU ARE A NEW HOME OWNER MANY STATES ARE
HEPLING PEOPLE IN FORECLOSURE
YOU MIGHT TRY YOUR STATES ATTORNEY GENERALS
OFFICE.
GOOD LUCK
In certain cases yes. Talk to your mortgage company, they may be able to do a loan modification.
I volunteer with a non profit and negotiate these things. Your mortgage company has many products that are not advertised that can help.
Most of the people that I work with would not be in the problem they find themselves if they hadn't shut down and stopped talking. Seek the help of local non profits until you find the right one for you.
Click on the foreclosure page of my site for more information
It's definitely possible. The interest rates will be pretty high, but it's possible. Depending on your situation, you will probably have to get what's called a hard money loan. These are usually loan with high interest rates. They don't really factor your credit score or payment history due to the fact that they assume your credit is probably shot and is below 500. What drives a hard money loan and what makes it work is the loan amount to home value ratio. The benefit, of course, of the hard money loan, is that it will save your home. If you would like, we can discuss the situation further, and see what options are available to you. Good luck.
Jeremy Pham
Mortgage Lending & Investments
866-966-4224 ext. 4224
Up to 70% LTV
be careful of what you ask for.
Rates are about 11.5%
rondel@1stmdloans.com for more information
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