http://www.biggerpockets.com/renewsblog/2009/07/07/hud-raises-limits-negative-balances-real-estate-refinance-harp/ Learn, Network, Invest Mon, 23 Nov 2009 01:38:39 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.biggerpockets.com/renewsblog/2009/07/07/hud-raises-limits-negative-balances-real-estate-refinance-harp/comment-page-1/#comment-66909 JOSE TACORDA Thu, 16 Jul 2009 19:08:34 +0000 http://www.biggerpockets.com/renewsblog/?p=5885#comment-66909 I WANT TO REFINANCE MY TEN UNIT APARTMENT BLDG AT SAN JOSE, CA. APPRAISED VALUE IS $1,500,000.00. I WANT TO USE EQUITY TO BUY EXISTING SHOPPING CENTER AT FRESNO, CA. PRICE IS $6,000,000.00. NET OPERATING INCOME IS $800,100.00. CAN YOU GIVE ME A LOAN FOR THIS SHOPPING CENTER AT 10% DOWN. I WANT TO REFINANCE MY TEN UNIT APARTMENT BLDG AT
SAN JOSE, CA. APPRAISED VALUE IS $1,500,000.00. I WANT TO USE EQUITY TO BUY EXISTING SHOPPING CENTER
AT FRESNO, CA. PRICE IS $6,000,000.00. NET OPERATING INCOME IS $800,100.00. CAN YOU GIVE ME A LOAN FOR THIS SHOPPING CENTER AT 10% DOWN.

]]> http://www.biggerpockets.com/renewsblog/2009/07/07/hud-raises-limits-negative-balances-real-estate-refinance-harp/comment-page-1/#comment-66760 Nick Fri, 10 Jul 2009 04:46:01 +0000 http://www.biggerpockets.com/renewsblog/?p=5885#comment-66760 If the homeowner already owes more than 5% of what your house is worth, after the refinance points and closing costs, the owner will be even further underwater. Sounds like more negative equity. If the homeowner already owes more than 5% of what your house is worth, after the refinance points and closing costs, the owner will be even further underwater. Sounds like more negative equity.

]]> http://www.biggerpockets.com/renewsblog/2009/07/07/hud-raises-limits-negative-balances-real-estate-refinance-harp/comment-page-1/#comment-66734 LoanSurvivor Wed, 08 Jul 2009 14:18:47 +0000 http://www.biggerpockets.com/renewsblog/?p=5885#comment-66734 I believe the FHFA announced this change, not HUD. I believe the FHFA announced this change, not HUD.

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