This should allow him to get the money he needs to move but also motivate him so that I don't have to deal with him deciding to prolong his departure after the closing date.

I meant "certified" for my prolonged living here since 1990.

Thus prolonging this problem and not solving it.Yeah, maybe the extra rent/deposit route is best.

I really thnk that this plan to help homeowners in trouble will just prolong the inevitable.

While no one can deny that  saving even a a few fractions of a percentage in interest rates is a good thing, what most people end up doing is prolonging the time they carry such debt, and thus paying more interests in the long term, which I guess is a good thing for people in the lending industry.

Its not that nobody wants 'em, but it could be stay listed for prolonged period of time because its sometimes difficult to consummate the sale. 

But this way you don't have to worry about the house sitting on the market for a prolonged period of time while the hard money adds up. 

I can see why he would say that because your prolonging your term again or it increases your monthly payment by refying to a 15 year, if you decide to do that.

Hey BP Family,Not sure if you only give advice on investments but my parents are still living in the same home they've owned for 20+ years but I'm sure they have refinanced and whatever else you can do to prolong paying it offMy dad mentions selling the house all the time but isn't taking action for whatever reason.

As a Mortgagee you don't control the property, so a borrower who might over capitalize an investment may also stick to an unrealistic sale price which prolongs the sale which can eventually cause delinquency and default.