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I have a rental property which is owner financed. I need to refinance by next year or I lose theprop

property.  I will also lose 40,000 , my down payment.  I am underwater on the property.  What can I do?
  • March 09 2012 - Monroe
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Answers (2)

This is just a shot in the dark but I have a suspicion that HAMP would not apply to seller held financing. 

BTW: the best way to contact a local lender is.....contact a local lender. In that regards I'm not sure what calling a realtor would achieve that the yellow pages wouldn't.
  • March 10 2012
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Profile picture for Sharon Lewis
I am sorry to hear about your hardship. Can you not move  into this property, make it a primary home? That way you might be eligible for Hamp help   http://www.makinghomeaffordable.gov/programs/lower-payments/Pages/hamp.aspx 
Contact a local lender, you can do so through a Realtor.
  • March 10 2012
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