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kimjeune5 · Joined: 30 Oct 2008 Posts: 1 1.50 Dollars($)

i bought a house thru owner finance.how can i refinance it if the market is upside down.can i get out of it?

sara · Posted: Thu Oct 30, 2008 2:33 am Post subject:

Hi kimjeune,

Welcome to the forums.

Since you've been into an owner financing contract, therefore, I feel you can refinance even if the market is upside down. But it depends upon the seller though. Have a talk with him and find out what he has to say.

Take Care

brian1 · Posted: Thu Oct 30, 2008 10:05 am Post subject:

You wont be able to finance it if you owe more than it will appraise for?
Good Luck
Brian

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