Daniel Robbins,You need to inquire with other Banks, Mortgage Brokers, Credit Unions.It seems to me, that the cost to refinance that loan, is extremely over priced.Good luck,Raymond

Send mailers, ads, business cards to Insurance Brokers: Policy changes from owner occupant to landlord or vacant house coverage. 61.

(not in it for the $$$, just to get into the market, PROBONO work)2. my accountant said I can't deduct any of the work I have done on it... b/c I am not generating any INCOME from it.3. in PA, I can't even management it if I don't have BROKER license (thank goodness for POA (power attorney)these are things I didn't know til after...I have another investor waiting (again a family) but I really don't want to do another probono work..... so I am getting my license now.Make sure you have in WRITING the 50/50 split, and that you have Power of Attorney... or open an LLC with both your names on it, and by it that way.we haven't decided to buy/hold/rent or sale.....my investor is pretty much hands off..which is nice bc they are out of state... but even still, "too many cook in the soup" can happen, b/c it is their 100% money and their property.without the POA...I have no say in this deal.

Thats a question for a mortgage broker/lender.

Dave Howell 303 601 7617 (contractor)Rick Carr 817 329 5066 (Investor/rehab specialist/realtor/broker)

I would call an insurance broker and have them shop around for a good deal for you.

Present your findings to the listing broker who should give to the short sale specialist at the bank.

I like your instinct to not "believe" his statement.I'd seek the opinion of an independent commercial broker, and an independent residential broker, that don't have any potential vested interests in the game.

For a commercial loan or residential, how do you normally find your loans.Do you go directly through institutional banks like BofA, Wells Fargo, etc or do you go through a mortgage broker who seeks out loans?

Picked some up as a broker doing fixes to unmarketable properties RE, bricks and mortar, was not really the focus, it was making deals work