Pros and Cons of a Short Refinance

Pros and Cons of a Short Refinance

A short refinance is one of several alternatives that allows both a lender and home owner to avoid foreclosure.  It is typically available for borrowers that are in default and involves creating a new loan amount than the existing outstanding balance owned.  The difference is typically forgiven by the lender.  Why would the lender agree to such terms?  Foreclosure is almost always...

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