Bank of America won’t refinance our house although we have a first and second mortgage with them now?
Saturday, May 23rd, 2009
SAMUEL P asked:
Our property is a unique home, made of steel with a metal roof, finished out normally inside with 2×4 walls, etc on 10 acres, but because there are no homes similar in the area that have sold in the last 6 months, they won’t refinance. It appraised for $200,000. We’re only asking for $116,000? What has changed ? They have our 1st and 2nd now. They say it has nothing to do with our credit rating, it’s fine.
Bryan
Our property is a unique home, made of steel with a metal roof, finished out normally inside with 2×4 walls, etc on 10 acres, but because there are no homes similar in the area that have sold in the last 6 months, they won’t refinance. It appraised for $200,000. We’re only asking for $116,000? What has changed ? They have our 1st and 2nd now. They say it has nothing to do with our credit rating, it’s fine.
Bryan