Refinancing in Foreclosure: Why It’s Rare (and What Has to Happen First)
Here’s the truth most lenders won’t tell you: You can’t refinance out of foreclosure unless you’re current. If there’s a Lis Pendens (foreclosure lawsuit) recorded against your property, you won’t qualify for a new loan. Period. Refinance sounds great on paper. But unless you’ve already cured the default, it’s not even on the table. Let’s […]