Does anyone have tips for refinancing while being displaced and the HOA in litigation?
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We have been displaced from our home since August 8, 2004. We really wanted to refinance one of our loans a year or so ago, but did not due to the situation. We are fast approaching the date where are ARM rate will expire and we must refinance. Any Suggestions?
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Does anyone have tips for refinancing while being displaced and the HOA in litigation?You should be able to refinance even though your community is in litigation. There are unfortunately lots of condo/loft communities out there in some sort of litigation.
You will probably have to provide some extra documentation , that would come from the lawyers involved or from the condo developers themselves stating how your unit is affected & what steps are being taken to fix the problem.
With the ARM adjustment approaching fast, you should talk to a Direct Mortg. Lender as soon as possible, just don't go to a mortg. "broker", you want to get a loan from a direct lender, one who "funds their own loans in house", that way you'll be assured to get the best possible rate & lowest in closing costs. Typically about 3/4 to 1% less than the "mortg. broker"
Feel free to email me directly if you have any further questions, thanks to Y!A's email link they provide its' users
Does anyone have tips for refinancing while being displaced and the HOA in litigation?This looks more like spam to get people on your web site then a real question.
Suggestions? Apply to another loan, it is not rocket science.
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