All Forum Posts by: Saman Pari

First and foremost, seems odd that an existing lender would desire to foreclose if payments are current. Although the loan has matured, unless you didn't complete the renovation, or if there is some other missing piece of information, most lenders are wide open when it comes to extension, FYI there is likely a fee for such extension. An incoming lender may opt for a verification of mortgage (VOM) which may include a payment history and this could potentially be a red-flag to an incoming refinance lender (If you had sporadic or prior delinquency). That said, while I can't speak for a conventional or government lender, at the end of the day, if you've got a good property and you've got equity, most hard money or private money lenders would love the opportunity to refinance for you.

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Quote from @Adam Bartling:

@Saman Pari I am in Texas also you can refinance from private lender to another Non QM or a QM loan such as FHA. Want me to review your situation?

Hi Adam

this is for my friend. I will give him your number and he will call you this afternoon

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My apologies. I wasn’t clear in what i asked:

I have an investment property, had a hard money short term loan that has matured - it’s current in payment but they are wanting to foreclose on it as I was delinquent for some time. Can this be refinanced with this status even though the property is current on payment?

Who can do this? FHA? Private lender?

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hi,

i'm new here. Is anyone able to refinance a loan that is current but in refinance status? how would that work? Any help is appreciated. This is in Texas.

Thanks,

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All Forum Posts by: Saman Pari

Saman Pari has started 5 posts and replied 14 times.

Post: Refinance loan in foreclosure?

Post: Refinance loan in foreclosure?

Post: Refinance loan in foreclosure?

Post: Refinance loan in foreclosure?