Is it possible to refinance, but the house is in foreclosure? Yes it is. The foreclosure process itself can take several months. Since the first missed payment the house is actually taken over by the lender may be eight months of the year. This does not mean that you have eight months of the year to try to work getting out of this mess. To be successful, must act as soon as possible. Even but the situation may seem impossible if you are determined, of course, ways to save the house. Refinance while house is in the process of execution is possible if it meets certain criteria. If you have equity in your home, at least 35%, then you can have a good chance of rollover. If you have temporary financial setbacks, where you can get behind on bills, including mortgages, but the situation is corrected, you can find someone to urgently help you. First, start with your current mortgage company. They do not want to lose at home, because I do not want to take responsibility for it. Banks and other lenders are not the real estate industry, so it is not his home, and they will do all it, and you continue to pay the mortgage payments. If youre not too far behind on your payments, and credit is not so bad, the current lender may be willing to give you a second mortgage to make such payments, and no late fees. If you are in the process of market access may still be able to refinance the house murders, enough to talk of other departments in the bank. Ask to speak to someone who can make decisions about home refinancing, which is foreclosure. There are other ways you can make with the lender to stop foreclosure. All banks have loan modification department. This is different than the usual customer service. Make sure you ask to speak with a representative from that department. You probably can not credit a lot of late.
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