Short refinance is the replacement of a mortgage, usually with a reduced mortgage, when the borrower is already in default. This is done to transition the borrower to a more affordable payment structure. The lender has to write off the difference between the old mortgage and the new mortgage, but in some cases this may be preferable to foreclosure.
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My passion for real estate, Florida, and Nocatee runs deep. I consider myself detail-oriented, knowledgeable, creative, and strategic. Years of experience as a real estate professional in resale and new construction has brought me to the level of my career of being a Real Estate Advisor, extending service beyond the transaction.