Rob Robertson's Q&A

I agree with Gregorio... post a loan request.  Will vary depending on what type of loan you are trying to get.  For a 30yr fixed, new loan amount under 70% Loan-to-Value, rate and term, 740+fico, you should be able to get it for slightly less than 2% discount.

Justin is correct...Within 21 days, you will receive a check for any remaining balance from your old escrow account.It was your money to begin with.:)

Just so anyone who is wondering what a short-refinance is...A Short Refinance, also known as a short payoff, is a transaction, where the lender agrees to accept less than the full amount owed.  Instead of the property being sold, it is refinanced with a new lender.  The short refinance allows the homeowner to retain ownership of the property, while at the same time avoiding a foreclosure or possible bankruptcy. If you want to keep your home, but don't have enough equity to get into a foreclosure bailout loan, a short refinance is your answer.  By negotiating a short refinance with your current lender, you can obtain a payoff of less than the full amount owed, and refinance your home with a new lender.You might find this option necessary (although extremely tough to get) or even suggested by your lender as an alternative to loan modification.  This might be your only option, other than paying down your mortgage balance, if you currently have a conventional mortgage (not FHA, VA, FNMA or Freddie Mac) that was securitized on Wall Street.  Your current mortgage servicer may not be authorized to modify the terms of your existing mortgage, due to pre-existing, contractual servicing agreements.

Thanks for the inquiry. I'm just putting a feeler out on Zillow with the "Make me move" price. I am also a real estate professional and would offer a free loan through my company if I did accept an offer on this property as a closing incentive.