Chris asked:


HomeEq is telling their borrowers that if they can’t make their payments, they can short-sell to themselves. How is this possible? Are there any banks that will forgive a portion of the balance owed on a home in order to keep a borrower in the home and lower payments?

Kelley

2 Responses to “Is there such a thing as a Short-Sale Refinance?”

1. jmclaughlin07 on March 1st, 2009 3:19 pm

   i’ve heard of short sales but i’ve never heard of short selling to yourself! i would talk to a reputable broker and ask if this was true although i don’t think i would be surprised the mortgage industry is trying all sorts of crazy things to help people out right now.

2. ANUM N on March 3rd, 2009 8:32 am

   i havet got a clue but i dont think so