Foreclosure Refinance

Are there lenders who refinance a mortgage that is in foreclosure with 82 LTV, FICO score of 539 in the State of California.

Unlikely, unless you want a high real interest rates. You will be contacted by all kinds of mortgage rescue scams, but if you can pay your monthly payments and then some, the Chapter 13 bankruptcy is the surest way out of foreclosure (unless you can successfully negotiate an amendment loan with your mortgage company, but the average person in foreclosure can not afford these payments generally.)

It is very unlikely that you will find a lender to refinance your home with a FICO as low as if it is a private money lender who will charge a high interest rate.

FHA safety program mentioned earlier is a good option for people who are facing an adjustment in their rate of refinancing and cannot and unfortunate for you (depending on the amount borrowed) here in California, our property prices are much higher than the loan limits of FHA secure programs accept. If you can get a second lender loan you the amount to cover what you need above the FHA limit in California, you may be able to use (very unlikely).

My suggestion to you is the following:
Take the first step by talking to your lender and work with them to find a solution to your situation, as the agreement forbearance loan modification, etc., etc.

If this does not work maybe a short sale may be your solution. CAUTION ago consequenses with a short sale, deed and place that is in foreclosure. And these consequences are, legal, credit and with the IRS. The tax consequences may be more a means, but it is to avoid this consequence. On my page read the "Guide for Owners: short sale / foreclosure" so that you can read all your options and consequences with the IRS.

You will also find the link to the page where you cand find IRS to avoid this consequence of tax legally.

A lock should be your last option.

Good luck

Are you in foreclosure because you have a variable rate mortgage? Rate would be the standard other FHA loans.

If you had good credit when you've got a variable rate mortgage and when it has changed. And after your credit when hell because you could not afford.

You can go FHA Secure. Up to 97%. They used to use your credit on the basis of your loan. These include a new program. Make sure you find someone who knows what they are doing.

But absolutely you can do. Assuming your loan is FHA limits ect. It is very possible, but choose someone who has worked on them before and knows that the insurer did. Because if you take too long he could sell before you can close. If you have 2 weeks before your sale, you should be okay. If you find someone really good (3 days right of rescission is not a problem if you are in default). You should know someobody who know exactly what they do. Do call 1 call 20.

Get the right loan officer. Email me if you have any questions. I do not borrow from the line because I think you should be pretty close to a loan officer that you can walk into his office. But if your loan officer does not know what he does. I will walk / her by it.

ROFL. Good poster just below me. There are more dogs and bones. I agree with everything he / she says. But more dogs and bones?

Disagree. I think there are 1000's bones and the dogs just sat there watching a huge pile, saying: Now what?

There will be loan officers that do not mean anything to get a loan, but as the poster below me. At the end of the day you will lose your home. Because they do not know what to do with the pile of bones. So like the poster said below, find someone who has done before closing fast. And can IVM.