Mortgage and Equity Line Money Harder To Find

For those in foreclosure, one traditional solution has been to find a new lender and refinance – to start all over again with a brand new loan. In today’s market, this has become extremely unlikely. The NY Times has a report on this in tomorrow’s paper: Mortgage Lenders Raise The Bar, 5/18/08 NY Times. To read about other ways out of foreclosure, click on “Soultions, Strategies & Alternatives” link in the right sidebar on this blog. All of the prior posts on this topic are available for viewing. Or, call or email me if you have a specific problem you’d like to discuss.