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can we refinance home loan and 2nd equity loan after bankruptcy

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Icon Mini Profile lhgolf09





Joined: 25 Oct 2010

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1.27 Dollars($)
Post Posted: Mon Oct 25, 2010 3:01 pm    Post subject: can we refinance home loan and 2nd equity loan after bankrup
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224,000 first 64,000 2nd, home worth 225,000
Icon Mini Profile info20





Joined: 24 Sep 2011

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Post Posted: Sat Sep 24, 2011 8:30 pm    Post subject: No
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It is almost impossible. The only thing you can try is loan modification.

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Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Sun Sep 25, 2011 10:14 pm    Post subject:
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Hi lhgolf,

Immediately after bankruptcy filing, you won't be able to qualify for a mortgage refinance. Moreover, you don't have equity in your property. In such a situation, none of the lenders will be ready to offer you a refinance.

Thanks
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