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Resetting Rates and No Equity
I’m getting calls daily from people in foreclosure. They all seem to have similar situations – very little or no equity in their property and adjustable rate loans that are difficult to pay. For almost all, refinancing, even with hard money lenders, does not seem possible. I have been focusing primarly on forbearance agreement and […]
Billions In Home Equity Lines Suspended
/in Foreclosure & Loan Mod Blog /by Scott LaninThe NY Times is reporting that home equity lines of credit are being suspended by major lenders nationwide. This is a continuing trend resulting from lenders’ fears about declining home values. Here is the article.
Resetting Rates and No Equity
/in Foreclosure & Loan Mod Blog /by Scott LaninI’m getting calls daily from people in foreclosure. They all seem to have similar situations – very little or no equity in their property and adjustable rate loans that are difficult to pay. For almost all, refinancing, even with hard money lenders, does not seem possible. I have been focusing primarly on forbearance agreement and […]