refinance

Hey Gary... their money, their rules, and because you have a short sale with them.. I'm sure they're not excited about you as a customer.. ..And I don't think hard money loans is your answer.. You certainly won't lower your interest rate.. Have you tried asking GMAC to modify your loan rather than refinance?? You might have better luck with that since you have already shown them you not afraid to sell them off if you can't get relief... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Gary,GMAC is a portfolio lender - so they have restrictions and guidlines that are set in place. This is not for everyone though. We are located here in Colorado Springs and would love to assist you - we can actually lend up to 10 properties. Give me a call personally if you'd like - 719-963-3002 - thats my cell.Our company Tri Star Funding has been serving Coloradians sice 2005 - feel free to check out our website at www.tstarfunding.comWe would love to earn you business,Thanks againDaniel LotterOwnerTri Star Funding719-963-3002 cell719-358-6214 office877-414-6416 fax

Gary, how long ago was your short sale with gmac?? That is important.. Give me a call at 602-330-1598 I might have a alternative way for you to help you out with your properties, Since your are OVER T HE LIMIT, on the number of finance properties, if one of the reasons that you are running into situations. I have access to private money.. my email is yourloanpartnerforlife@live.com my website is also listed on lender 411

You could refinance the properties as long as you qualify but the short sale could cause you problems if it was recent.

Did you ask yourself how GMAC is doing right now. I would go for the modify route rather then to refinance. Congrats on the 11 properties btw...

First, you have too many properties for most lenders to want to deal with you. Experience tells them that if you have one little bump, the whole house of cards could come tumbling down, and your short sale lends credibility to that belief. We have a broad array of investors to work with, but not one of them will consider a new conventional loan, HARP or otherwise, to a borrower with a short sale in the last 3 years. I'm sorry to tell you that your only hope is with the current servicer. Good luck to you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950