Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Refinancing while underwater not impossible

Posted by: Jim Buchta under Foreclosures Updated: September 4, 2011 - 1:36 PM

Mortgage rates are at record levels, but many homeowners think they can't refinance because they owe more than the house is worth. Several of my mortgage sources have told me about situations that seemed impossible, but weren't. There's a great story in the New York Times today that highlights several programs that can help people in that situation. Check it out, and be sure to let me know if you thought it was impossible, but made it work. I'm at jim.buchta@startribune.com.

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