2007-12-27 06:44:41 · 10 answers · asked by monique m 1 in Business & Finance ➔ Renting & Real Estate
In theory, yes. In practice who you gonna get to lend you the $$?
2007-12-27 06:50:27 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes you can. But you have to find a lender who will do it which may prove to be difficult. You may have to use a hard money lender. That could cause problems too since it would only temporarily pull you out of foreclosure then you will have the high interest rates with a hard money lender and will most likely end up in foreclosure with them. But it is an option. There is a company called money brokers which does hard money residential loans.
2007-12-27 14:52:15 · answer #2 · answered by ADG 4 · 0⤊ 0⤋
If the bank or institution which holds your foreclosure is willing to work with you, perhaps that may be possible.Under some government program just recently passed, there is a chance to refinance provided you were not a chronic late payer. Otherwise the " Deadbeat " image will follow you forever.
2007-12-27 14:56:33 · answer #3 · answered by googie 7 · 0⤊ 0⤋
You need to call your lender and ask if they would allow you to refiance. If you received a Notice of Default then there would have been a date of sale of your property and you would have to be out before or on that particular date. Most lenders hate foreclosures because it cost them more money for the process and they still lose. The other option is to ask them if they will allow a short sale.
2007-12-27 15:16:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The answer is this: I have never seen it happen in all my years in real estate.
However what one could do is bring the back payments current, get out of foreclosure and then refi.
2007-12-27 19:08:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If your property has been foreclosed against, you no longer own it. So, the answer is no. If the process is not yet complete, you might be able to do it. Ask your current lender first. Foreclosure is expensive for the lender, so they'd rather work with you than against you.
Good luck!
2007-12-27 14:59:36 · answer #6 · answered by Cheryl G 7 · 0⤊ 1⤋
Technically yes, but if your in foreclosure I am sure your credit is junk. This will prevent you from being able to.
2007-12-27 19:35:43 · answer #7 · answered by frankie b 5 · 0⤊ 0⤋
FHA Secure loan. Lets you be up to 90 days late on mortgage payment. Problem is, find a mortgage company to do it.
http://fhasecure.us.com/?gclid=CJGjyauqx5ACFQeWHgod6H9yQg
http://fhasecure.us.com/fhasecure-questions.html
2007-12-27 17:18:24 · answer #8 · answered by sly2bfox 1 · 0⤊ 0⤋
http://www.advantagemitigation.com/foreclosure-laws.cfm
2007-12-27 14:48:04 · answer #9 · answered by Anonymous · 0⤊ 0⤋
probably not, if your in forclosure your going to have a lot of 30 day lates on your mortgage and probably too low of a credit score because of that.
2007-12-27 14:47:51 · answer #10 · answered by evensonhimself 2 · 0⤊ 0⤋