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Craig, you might be able to refinance your primary residence that is held in trust depending on a number of things. If you have been at least 36 months from the foreclosure and you have been able to establish credit since the foreclosure. As always lending depends on credit, income and assets. If you would like my help on this, please contact me by phone or email. I will need many more details from you to continue.
Refi with a forclosure. Here is the situation we have a house in a trust that we have taken an interest only loan out about 8 years ago. My Brother was able to do the loan and still keep it in the trust so our property taxes are very low. Sinse then we puchased property out in patterson Ca about 7 years ago under my brother about 3 years ago we had to let the go into foreclosure. In our home that is in the trust we have a first and second total of about 400K but the interest rates are 7% and 9% that is why we would like to find a way to refi into a conventional 30 year fixed to take advantage of the interest rates today. The property is probably worth in the mid 800K. Please let me know if there might be something for us to do. Thanks, Craig
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