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• Equity Skimming – Another Devious Foreclosure ScamIf you have owned your home for awhile, you may have tens, even hundreds of thousands in equity. BEWARE. There is an army of con artists out there that would love to steal your equity from you . The two angles of this foreclosure scam are either:
• Do You Need to Refinance to Stop Foreclosure?If you need to refinance to stop foreclosure, it's best to do it early. If you are less than two months behind on your mortgage payments your current lender may be willing to work with you to either refinance or at least extend the term of your loan. If you still have decent credit a good income and equity in your home, refinancing may be just what you need to stop foreclosure.
• Do You Need to Refinance to Stop Foreclosure?If you need to refinance to stop foreclosure, it's best to do it early. If you are less than two months behind on your mortgage payments your current lender may be willing to work with you to either refinance or at least extend the term of your loan. If you still have decent credit a good income and equity in your home, refinancing may be just what you need to stop foreclosure.
• How Soon Can I Take Out A Home Equity Loan Or Refinance After A Cash Purchase Of A Foreclosure?The legislature is only 10k. So if I pay 10k cash, how fast can I do a home equity loan for that 10k? I necessity to make repairs as it is a foreclosure in poor condition. Can I do a refinance loan and get more than I stable paid for it if it appraises higher than 10k, which it will? Thanks for any serve