Homeowner wants to refinance, but bank suggests a short sale (MarketWatch)

Welcome to MortgageBrokerLand.com, an online community for the mortgage industry where you can join mortgage brokers, wholesale lenders, lead providers, and other industry professionals in discussions concerning today's mortgage business. To gain full access to MortgageBrokerLand.com you must register for a free account. As a registered member you will be able to:

Post loan scenarios for review by wholesale account executives and other mortgage brokers
Communicate privately with other members around the country
Establish your community reputation to take advantage of free offers from service providers

All this and more is available to you when you register for a free account. So sign up today!

If you have any problems with the registration process or your account login, please contact support.

		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
Homeowner wants to refinance, but bank suggests a short sale (MarketWatch)

#1 (permalink)

06-26-2008, 09:45 PM

Ron Burgundy Ron Burgundy is offline

Corner Window Office

Join Date: Jan 2006

Posts: 1,253

Ron Burgundy is an unknown quantity at this point

Homeowner wants to refinance, but bank suggests a short sale (MarketWatch)

Question: My first mortgage is an interest-only loan at 4.75% with a balance of $287,967, and a second mortgage with another lender. It is due to reset on March 31, 2009. I wanted to refi now before the loan adjusts, so I called the lender and submitted all the documents.

More...

« M.I. Co. Aggressively Sues Failed Subprime Lender | BoA, Countrywide Merger to Result in Massive Layoffs »

Thread Tools
Show Printable Version Email this Page

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Rates below 6% on some mortgages signals good time to refinance (at MarketWatch)	Ron Burgundy	Mortgage News	0	01-09-2008 02:44 PM
Short Sale - PRE-NOD Leads	THE LEAD GURU	Mortgage Services	0	12-05-2007 12:00 PM
Need 100% 2nd Home Stated 651 SFR purchase/short Sale!!!	hawai_pinay	Loan Scenarios and General Mortgage Talk	4	07-19-2007 12:18 PM

All times are GMT -7. The time now is 01:20 AM.