Guest SLBRB Posted June 19, 2014 Posted June 19, 2014 I have a participant who has an outstanding loan for the purchase of a primary residence and it extends longer than 5 years...allowed and fine. The house is now in foreclosure and he wants to refinance the original loan so that his home won't be sold at a sheriff's sale. Can the refinanced loan extend the length of the original loan which has over 5 years remaining on it or must it be limited to 5 years?
Lou S. Posted June 19, 2014 Posted June 19, 2014 I think you are stuck with 5 years if you refinance.
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