Good Morning everyone!
I got a call from a homeowner today that has been behind on their payments since October and has a foreclosure date set for March 18th. They have been behind before and got caught up. They are wanting to keep their home but it appears that they cannot afford it due to ARM. She said they want to refinance and get a fixed rate. My questions are: 1) If a homeowner has already done one workout program, will mortgage company let them do another one? 2)If they are behind on payment, common sense would tell me that they will not be able to qualify to refinance. What are you thoughts on how to approach this with clients at tonight's meeting?
Thanks,
Tamara Ludlam
Keller Williams Realty
615-631-6027 (direct)
615-895-8000 (office)