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refinance

sara

Posted on: 30th Oct, 2008 01:37 am

i bought a house thru owner finance.how can i refinance it if the market is upside down.can i get out of it?

Total Reply : 2

Hi kimjeune,

Welcome to the forums.

Since you've been into an owner financing contract, therefore, I feel you can refinance even if the market is upside down. But it depends upon the seller though. Have a talk with him and find out what he has to say.

Take Care

sara

Posted on: 30th Oct, 2008 02:33 am

You wont be able to finance it if you owe more than it will appraise for?
Good Luck
Brian

brian1

Posted on: 30th Oct, 2008 10:05 am

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