Re: Lotsa posts .... with a bogus Email address

Posted by njdave on December 03, 2002 at 18:04:16:

In Reply to: What closing costs do sellers usually pay? posted by Jo on December 03, 2002 at 17:15:07:

Jo, a homeowner with demonstrated financial distress can usually refinance up to 70% of the home's as-is, fair market value. I don't know that you would be able to obtain a second mortgage loan. The costs to refinance usually include an application fee, an appraisal fee, title insurance, homeowners' insurance, escrows, points, attorney's fees, and other costs.

These costs are relative to the state in which you reside.

It's probably far less expensive to attempt to negotiate a remedy with your exisiting lender than to refinance the exisitng debt.

Another consideration would be a repayment plan under bankruptcy.

Why the phony email address?

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Comments:
: Jo, a homeowner with demonstrated financial distress can usually refinance up to 70% of the home's as-is, fair market value.  I don't know that you would be able to obtain a second mortgage loan. The costs to refinance usually include an application fee, an appraisal fee, title insurance, homeowners' insurance, escrows, points, attorney's fees, and other costs.

: These costs are relative to the state in which you reside.

: It's probably far less expensive to attempt to negotiate a remedy with your exisiting lender than to refinance the exisitng debt.

: Another consideration would be a repayment plan under bankruptcy.

: Why the phony email address?


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