Is this you?

Visitor: I bought a condo at 220K in 2006 when the price was high. Now, the value is really depreciated, I have a conventional fixed 15 years and I would like to refinance with FHA but no appraisal since the price in 2009 is really low
Visitor: MD 20705
Choice: fha streamline w/NO appraisal is for borrowers who are already in an fha loan
Choice: there might still be help for you given the new legislation for borrowers like you
Choice: we should know more on Friday
Visitor: so I cannot refinance then? because the price is reduced by 80K, and this is not fair
Visitor: and I still pay for 220K, is there no solution for that ?
Choice: there might still be hope for borrowers like you due to the new legislation for people who don’t have enough equity to refinance.
Choice: affordability and stability plan
Visitor: so something will happen this Friday, I mean tomorrow?
Choice: hopefully. we can contact you if that’s the case and then let you know if you qualify
Visitor: could you keep my email, and contact me pls
Choice: There may be help on the way very soon.  Contact me with your situation and I’ll keep you on file.  If circumstances are created where you are able to refinance, given your lack of equity,
I will contact you immediately to to start the process. 
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--Click the contact link above or call me directly. 
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Josh Burley, Choice Finance^®
301-881-8900, ext. 125
888-475-0700, ext 125
 

This entry was posted on Thursday, March 5th, 2009 at 2:29 pm and is filed under 1) Questions for Loan Officer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.