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This depends on your home loan status but it is often best to refinance as it requires minimum impact credit by replacing one loan with another. Another option is to short sell (selling your home at a loss).
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∙ 10y ago
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Can you refinance after forecloser?
After a foreclosure you no longer own your property. You have nothing left to refinance.
Which banks offer good foreclosure refinance services?
There are many different banks out there. The one with the best foreclosure refinance services is Bank of America. If you contact Bank of America and explain your situation, they will try and help you find an alternative. It depends on if you want to stay in your home, or if your willing to sell it.
How do you stop foreclosure and eviction?
The best way to stop foreclosure is to stop in occurring this event to happen.
What is the best way to refinance for a home mortgage?
The best way to refinance for a home mortgage is not the same for everybody. There are several factors one must consider such as credit score and interest rates.
What is the best way to refinance a home loan rate?
The best way to refinance a home loan rate is to obtain another loan without having a mortgage. In this way in the event of inability of payment, the customer will be insured and not lose own home.
How can a person refinance bad credit?
The best way to refinance bad credit is to take out a loan from a company or bank that is willing to work with you. There are many companies to look at depending on the item you want to refinance.
Where can I find mortgage rate refinancers?
The best way to refinance a home is for the person to contact either their mortgage company or their personal financial consultant. They will find the refinance plan that best suites them.
How can you find the best rates when it is time to refinance a mortgage?
The best way to find good rates on a refinance is to go to several local banks and collect rate information. This will allow you to compare all of your options to get the best rate.
How long do you have to wait to refinance after foreclosure?
If the mortgage on your property is foreclosed the bank takes possession and you lose the property. You can't refinance. I have heard that to take on a new loan is possible in as little as two years. However, if you own another property paid off or in good standing, the foreclosure could affect your ability to refinance that property. I've heard 3 years so 2 years is a plus!
How can a person or group contest a foreclosure of their property?
A person or a group can contest the foreclosure of a piece of property by contacting an attorney. This is the best way to get information about property.
What's the best mortgage refinance calculator?
Keep in mind that refinancing is based on credit worthiness, unless you are applying for a government-backed bailout program. This site has a calculator to help you determine if a refinance is the best way to go: http://www.mortgage101.com/refinance-calculator
Can you refinance your mortgage while it's in foreclosure?
If you are in foreclosure it will be very hard to refinance out of it. If you are able to get current I would say there's a chance if your loan makes sense. You could possibly however get something called a, hard money loan, but the interest rate would be very high and you would have to pay a lot of money up front. If you are in foreclosure, I would try and short sale the property or become current.
