Comments on: How can one refinance a house with negative equity? http://www.refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity Refinance Information and Deals Tue, 22 May 2012 16:02:33 +0000 http://wordpress.org/?v=2.7 hourly 1 By: frymail2005 http://www.refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/comment-page-1#comment-150 frymail2005 Tue, 23 Sep 2008 20:36:19 +0000 http://refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/#comment-150 I am a loan officer with Providential Bancorp, a nationwide mortgage lender. Most banks and lendrs will not approve a loan over 100% LTV. But, all lenders are different. We specialize in working with people in similar situations to yours. (Bad credit, 110-125% LTV loans, bankruptcy's in th epast, etc.) Give me a call at 312-264-6448, my name is Jason. I'd be happy to assist you in a refinance.. You can email me at. I will be back to my office on Wednesday the 5th, but i will be on my email account through tthe weekend if you would like to talk now! Either way i hope you enjoy your holiday weekend! Jason Fry I am a loan officer with Providential Bancorp, a nationwide mortgage lender. Most banks and lendrs will not approve a loan over 100% LTV. But, all lenders are different. We specialize in working with people in similar situations to yours. (Bad credit, 110-125% LTV loans, bankruptcy’s in th epast, etc.) Give me a call at 312-264-6448, my name is Jason. I’d be happy to assist you in a refinance..

You can email me at.

I will be back to my office on Wednesday the 5th, but i will be on my email account through tthe weekend if you would like to talk now!

Either way i hope you enjoy your holiday weekend!

Jason Fry

]]> By: satarnag http://www.refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/comment-page-1#comment-149 satarnag Mon, 22 Sep 2008 08:10:50 +0000 http://refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/#comment-149 JT's Mom is correct. A short sale is the answer. If she can prove she is poor and has no assets (the divorce helps), chances are she won't have to pay back the loan and they might just issue a 1099c, which looks like she got cash for the difference of what is owed and what was paid on her taxes. They might not do nothing as well. Regards... JT’s Mom is correct. A short sale is the answer. If she can prove she is poor and has no assets (the divorce helps), chances are she won’t have to pay back the loan and they might just issue a 1099c, which looks like she got cash for the difference of what is owed and what was paid on her taxes. They might not do nothing as well.

Regards…

]]> By: JT's Mom http://www.refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/comment-page-1#comment-148 JT's Mom Fri, 19 Sep 2008 05:57:52 +0000 http://refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/#comment-148 She should speak with the current mortgage lender regarding a "Short Sale". This type of transaction is used when the house sells for less than the mortgage owed. Yes, the difference must be paid back. A payment schedule is created by the bank. It is a better option than bankruptcy - but will still effect her credit score (or anyone else's score that is on the loan). However, most people who have a short sale are still able to buy another home (while bankruptcy could proclude one from doing that) She should speak with the current mortgage lender regarding a “Short Sale”. This type of transaction is used when the house sells for less than the mortgage owed. Yes, the difference must be paid back. A payment schedule is created by the bank. It is a better option than bankruptcy - but will still effect her credit score (or anyone else’s score that is on the loan). However, most people who have a short sale are still able to buy another home (while bankruptcy could proclude one from doing that)

]]> By: altonbi http://www.refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/comment-page-1#comment-147 altonbi Tue, 16 Sep 2008 13:30:22 +0000 http://refinance--blog.com/renting-real-estate/how-can-one-refinance-a-house-with-negative-equity/#comment-147 I own a lot of real estate and deal with banks alot. The bank that holds the loan will not sign off on the loan unless they are paid in full. Her only choice is to continue making payments or file bankruptcy, which may or may not relieve her of the liabilty. I own a lot of real estate and deal with banks alot. The bank that holds the loan will not sign off on the loan unless they are paid in full. Her only choice is to continue making payments or file bankruptcy, which may or may not relieve her of the liabilty.

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