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-   -   Loan Modification with a Contract Buy (https://www.askmehelpdesk.com/showthread.php?t=403751)

  • Oct 7, 2009, 08:42 PM
    wash62
    Loan Modification with a Contract Buy
    I currently loss my job as a result of the flood of 2008, my home is under a contract buy which is soon to come due in full or refinance. Under the new law from Obama is there a loan that will assist me in refinancing my home to make it more affordable with an actual lender?:confused:
  • Oct 8, 2009, 01:34 AM
    ScottGem

    If you are purchasing the home under a contract for sale, then there is no refinancing. It sounds like you have a balloon payment coming due and you have to either obtain financing or renegotiate the contract. I don't think any of the new programs to help people in danger of foreclosure will help you.

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