ShortRefi™ or ShortRefinance™ Loan Brokers Free Short Sale Information

Short Refinance Short Refi ShortRefinance™, ShortRefi™ and Short Sales New Book on Defaults & Foreclosures

Short Refinance ™ Short Refi ™ vs. Short Sale Solutions
Short Refi ™ vs. Short Sale Solutions

ShortRefi™ or ShortRefinance™ Loan Brokers



Short Sale
A short sale is when you sell your home under hardship to a third party for less than the amount due on the mortgage.

Short Refinance™
A short refinance™ is when you refinance your mortgage loan for less than the
amount due on the mortgage loan. Short Refi ™

News: Warning: Since HR 3221, the law allowed for a short payoff type
modification or refinance, however, banks, lenders or servicers may
or may not be processing such devices at any given time.

No representations of the availability of any such devices, loans, products or methods are intended by this information site.

New 2008 Laws
$300 Billion of FHA Insured Loan Refinances

“Housing and Economic Recovery Act of 2008” -

ShortRefi™ or ShortRefinance™ Loan Brokers



1. Pre-Foreclosure Loan Refinance – (SHILO™ Solution) - You would refinance to avoid resets, or “unaffordable” payments, etc. Currently loan “eligibility” is based upon new federal regulations requiring the “fully adjusted indexed interest rate”, not the teaser rate. Lack of equity as a result of the devaluation in home prices has restricted borrowers’options. This could result in many borrowers failing to qualify for the refinance option. But if the borrower can qualify, this may be the most immediate solution. However, if the type of loan and terms including any adjustments or resets simply postpone the resulting inability to pay, then this may not be a solution at all. Brokers and lenders must also now document that any loan they give you has a “net tangible benefit”. Refinancing may not be possible for many borrowers in the current real estate market because:

(1) the market price or value may have fallen to a point where your equity is insufficient to qualify for a refinance,

(2) the fully indexed interest rate may reveal an inability to qualify, and/or

(3) the revised or eliminated loan programs are more stringent than when you obtained the loan your are attempting to refinance, precluding youfrom qualifying with the available loan programs.

Key issues of concern for a refinance depend upon:

A. Amount of Income and/or or Assets (whether you can document it or not),

B. Credit score and credit report (high scores can place you in easy qualifying loan


C. Value or appraisal of home (a high valuation will result in more equity to allow

you to qualify in more loan programs)

D. Amount of home equity (depending upon the requirements of the particular loan

program you are seeking)

E. Amount of Cash for upfront loan fees

F. Availability of easy qualifying loan programs (loan programs change all the time;

you need a broker who can shop many differing programs to meet your unique situation; if you have negative default marks on your credit, you may need a lender who has a loan program that will give you a second chance) If you succeed in a refinance, the default or foreclosure will be cured or null and void.

This solution should be preset by contract as a safe harbor intelligent loan option (SHILO™) afforded all borrowers in their loan documents at loan origination, refinance or at loan workout.

2. Short Refinance™ – (SHILO™ Solution) - A short refinance or shortrefi would allow a refinance to a new affordable loan, at a loan amount less than the current loan balance owed. This would require the lender(s) to agree to refinance your loan to another loan to an amount less than the amount due on the defaulted or troubled loan.

There are many reasons that a lender might agree to do same, all of which will require you to prove that you could afford the new loan, as opposed to the troubled loan, probably for reasons beyond your control or fault. The goal is to refinance to avoid loss in asset devaluation and pending resets, etc. This would allow homeowners to stay in homes, create part of the ‘equity’ that was lost in the massive home devaluation and obtain “eligibility” and “affordability”. This solution should be preset by contract as a safe harbor intelligent loan option (SHILO™) afforded all borrowers in their loan documents at loan origination, refinance or at loan workout. See Delays and Problems With Short Sales and Short Refinance™ in the new book “13 Homeowner Solutions to Default & Foreclosure!™ Help Homeowners Keep Their Homes, and Lenders Keep Their Loans ™” at:


Link to Foreclosure Laws

HotNeutral Attorney/Rep. Help

13 Homeowner Solutions To Default & Foreclosure

Lender Representation

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