Profile picture for ERanch

I owe 530K and zillow quoted home at 471K... need to refinance, have great credit/income-OPTIONS?

Home is in estate area, winnery's ect...
  • May 09 2009 - Temecula
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Answers (4)

Best Answer

Kathleen,

How do you get from a refinance to suggesting a short sale? How are those remotely close to being the same thing? If a person with a broken arm said they had no insurance and could not afford a doctor would you suggest they cut it off? Just because a short sale lines your pockets, this does not mean it's the best solution for everyone.ERanch, start by visiting this site and then speak with someone reputable that can answer the specifics of your situation.
  • May 09 2009
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I suggest you get another opinion, as Zillow is not always correct. If you owe more than it turns out that your home is worth, one option is a "short sale" since there is no equity to refinance.
 
  • May 09 2009
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Profile picture for greenbrd
Try calling a bank and having a real appraisal done. Zillow's estimates are hardly ever accurate.
  • May 09 2009
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why do you need to refi?

Do you have a fannie/freddie loan?
  • May 09 2009
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