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What to do if I am refinancing and my mortgage company goes out of business in process of my loan? |
They took my application/appraisal fee on my credit card and then 2 days later said they are closing up. They didn't do the appraisal yet. They probably knew before your money was taken. I would get an attorney, they are still responsible for finishing the job since they finished the transaction. lign="right" > Sign in to vote! It is important for you to be extremely careful, know why certain debt settlement agencies suggest this and why you should avoid refinancing to pay credit card debt. Within this article you'll find the reasons why you should consider very carefully refinancing as a debt elimination option and a brief explanation of which paths are better on your way to financial freedom with long lasting results as opposed to those you would obtain by exchanging your credit card unsecured debt with a secured low interest refinance home loan. Risks Of Working With Certain Debt Settlement Agencies There are many debt settlement agencies that come from the heart of credit card issuing companies or financial institutions. These agencies where created so as to let credit card companies to recover their money and thus, even if they'll provide you with solutions to eliminate your credit card debt, that solutions may not be in your best interest. Many of these companies would suggest you to take a refinance home loan and use your home equity to repay your credit card debt. That may seem a good solution and in some cases, it can be. However, it shouldn't be your preference, and most certainly, a debt settlement agency committed to solving your debt problems shouldn't suggest it as your first choice. Read more about it at: http://www.credit-card-gallery.com/artic... lign="right" > Sign in to vote! http://refinance-mortgage.blogspot.com... lign="right" > Sign in to vote! lass="explain-text">Sometimes none of the answers get it just right. If so, pick "No Best Answer". Voters DO NOT get any points for voting on the No Best Answer. |
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