Financing in 06611>Question Details

Bevpeterson3…, Home Buyer in Sacramento, CA

Who can I go to to refinance my condo now that 2 years have passed since I had to short-sale my primary-residence condo?

Asked by Bevpeterson306, Sacramento, CA Wed Nov 28, 2012

My husband and I moved to New York and purchased a condo there in 2006 but retained our condo in Connecticut and rented it out. 2 years after we moved into the New York condo my husband passed away suddenly. This was 2008, right before the market crash. I had to sell my New York condo on a short-sale as I couldn't keep up the payments myself. I was able to retain my Connecticut condo because I could rent it out at almost the cost of my mortgage payments. I have always kept up to date on all mortgage payments, right up until the short sale. My credit score is slightly above 700. But I am being told I don't qualify for a refinance. Is there anyone who might refinance me? Would it make a difference if I were living in the condo (which I intend to do in the future)?

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Normally the requirements for most banks are 4 years conventional and 3 years FHA. If your loan is with Fannie Mae and your last loan on the CT property was before June 2009 you will get some help. Coming up on Nov. 18, 2013 Fannie Mae is updating their underwriting guidelines to reduce to standard waiting period minimum to re-establish credit due to a major derogatory (BK, foreclosure, Short Sale, etc...)

Many Loan Officers/Brokers don't even know about this yet. Stick with a Pro and VIP and you will not go wrong.

Wishing you well,

Fritz Walter
VP of Retail Sales
Toll free: 800-359-1996 x551
Direct: 203-783-4551
Email: fwalter@totalmortgage.com
Alt email: fritz@post.Harvard.edu
NMLS ID: 387922
Visit my webpage: http://www.totalmortgage.com/bankers/fritz-walter/
Company Website: http://www.totalmortgage.com
Total Mortgage Services, LLC - NMLS #2764
Licensed in: CT, FL, MD, NJ, NC, SC, TX, VA
0 votes Thank Flag Link Tue Aug 27, 2013
Try

Robert Graybill
Licensed Mortgage Originator
NMLS: 70526
57 Plains Road, Suite 3C
Milford, CT 06461
Cell: 203.530.2674
Fx: 203.774.1044
rgraybill@annie-mac.com
http://www.Annie-Mac.com

He's very good at getting you great rates.

Regards

Pary Pradhan

203 243 4220
parinaya@kw.com
Realtor
Keller Williams Realty
126 Monroe Turnpike
Trumbull, CT 06611
0 votes Thank Flag Link Tue Aug 27, 2013
Hello Bevpeterson306,

The person I use for mortgages is Lynne Oliveri with Guaranteed Rate. If anyone can help you with this, Lynne can!
Give her a call at #860-989-8008.
And good luck to you!
Best,
Wayne Horgan
Coldwell Banker Residential Brokerage
1331 Silas Deane Hwy, Wethersfield, CT 06109
#860-978-6440
0 votes Thank Flag Link Wed Nov 28, 2012
Try and access HARP through your lender, depending on the current Loan to Value, you can save on Title Insurance and appraisal fees
0 votes Thank Flag Link Wed Nov 28, 2012
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