staying in your home

Staying in your home vs. Selling

Posted by on May 1, 2010 in staying in your home

B: Staying in your house 1. Do a Short-Refi- -Before foreclosure is filed -Current lender or new qualified FHA lender -Close within 120 days or less -Loan amount for new BPO at market value -Approximately $225 out of pocket -Need tax returns, w-2’s, 1099’s, check stubs, bank statements, etc -Discharged Debt (Taxes possible see Mortgage Debt Relief Act of 2007) -Debt-to-income as high as 45% -Don’t need to be behind in payments 2. Do a Loan Modification- -Usually...

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