Can You Refinance If You Are Delinquent? In short, if you are delinquent on the HELOC or your mortgage, lenders question your ability to make your payments in the future and you typically cannot qualify for a refinance. … Additionally, the refinance terms offered by the lender may be more expensive, which means you pay
What Are The Tax Implications Of A Deed In Lieu? If your lender agrees to a short sale or to accept a deed in lieu of foreclosure, you might owe federal income tax on any forgiven deficiency. The IRS learns of the deficiency when the lender sends it a Form 1099-C, which reports the forgiven
Can You Take Over Payments On A Foreclosed Home? Can you take over payments on a foreclosed home? This can be done by paying the full amount owed, or reinstating the loan. You can also reach an agreement to set up a repayment plan with the lender, or loan modification, that will give you more