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Can a loan modification be denied based on a Refinancing with cash out

Posted on: 14th Oct, 2010 11:04 am
We are in Texas and did a refinancing with cash out in 2006. We were denied of our application for a Affordable Home Loan Modification because of the Texas Cash Law. Is the denial correct.
Welcome cherrydlc,

I haven't heard of any such rule in Texas. However, you should contact your lender once again and reapply for Affordable Home Loan Modification and check out if the lender agrees to it.
Posted on: 18th Oct, 2010 12:54 am
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