Foreclosure Oncology: Separating Facts From Fixins »
Posted By paisano1 9 months, 4 weeks ago in Business & FinanceWhy don't these families simply refinance? Because the amount owed that would need to be refinanced is greater than what the home is worth, resulting in the loan being denied due to the short appraisal. Solution; waive the appraisal requirement on refinance for owner occupied homes with adjustable rate mortgages. That won't cost anyone a dime.
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