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John Said:

Anyone know of a mortgage lender who will refinance with poor credit at a decent interest rate for a new start

We Answered:

Try E-LOAN, Quicken Loans, and Choice Finance.

Ellen Said:

Should a mortgage lender be held responsible when a past due homeowner commits suicide?

We Answered:

I'm very sorry to hear about your friend's suicide. This is a very sad story.

It sounds like the lender was horrible.

I think you would have a hard time finding a lawyer to take the case. My experience is that lawyers only want to take case that they know they will win.

Usually people re-finance their homes to lower their monthly payments. I can only speculate that your friend had an adjustable rate mortgage. (Mr. Greenspan was a big fan of adjustable rate mortgages at one time.)

Good luck.

Caroline Said:

does anyone know of a lender who will refinance mortgage while in chapter 13?

We Answered:

Ask your bank. If they won't, ask them who will.

Anthony Said:

tax question - refinanced my mortgage with a different lender. i paid a point on original refinance?

We Answered:

you should have been able to dedcut ALL the points in the year you originally paid them,

Edwin Said:

I have a lock in on a interest rate with a mortgage lender to refinance. No word from them. Time legal action.

We Answered:

No word from them? Did they close their doors? If they're gone, so is your lock and your loan file. If they are local, go to them.

Joan Said:

Is your lender participating with the FHA underwater mortgage refinance program?

We Answered:

The program is voluntary, so like all of the other modification programs, they sound great but fail to do any good. Also this "fha short refi" isnt available for GSE loans ie loans owned by freddie mac and fannie mae, which is 95% of the loans out there so without their participation this program is really just lip service meant to shut people up. Its too bad the media in this f'd up country is owned by the banks and doesn't really report on anything of substance anymore. You can always strategic default which is what I'm doing. We have a 360k loan (no second on it) that is 220k underwater, its a pathetic situation. Our ltv is 205%, I didn't even think that was possible!