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Home :: Foreclosure Options :: Property Refinance
Property Refinance for Loss Mitigation
The selling or refinancing of the subject property is an option that should be explored in every delinquent or default situation.
Each homeowner’s personal financial situation is likely to be very different; however, every situation will fit into one of the following two categories: those properties with equity, and those properties without equity.
Equity, by definition, is the market value of the property less any and all encumbrances (mortgages, liens, taxes and whatever closing costs would exist at a proposed closing, just to name a few). For those borrowers fortunate enough to have sufficiant equity, their available options can be abundant when compared with homeowners with little or no equity.
A refinancing simply the single best option available to homeowners in default. To be contacted by a 180 trained mortgage broker contact RMeyer@180loanworkout.com.
For more information about each option, visit our Properties WITH Equity and Properties WITHOUT Equity pages
If you are interested in providing sound advice to troubled homeowners in your city please see our loan workout specialist section.
Other options:
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