How HARP Refinancing Works

By Donna Fuscaldo If you’re eligible, the federal HARP program can help you refinance even if your home’s fall off in value is a turnoff to lenders. If falling home values are preventing you from refinancing into a lower-rate mortgage or from an adjustable-rate mortgage to a fixed-rate mortgage, the federal Home Affordable Refinance Program (HARP) may…

What happens to a pending sales contract if seller files a Chapter 7?

The seller can file a Chapter 7 bankruptcy even if he is in contract to sell. The contract to sell (purchase contract) is an executory contract and the bankruptcy trustee has 60 days to accept or reject it. However, in the vast majority of cases, the property is upside down and the trustee will therefore…