I know someone who was very close to forclosure just a couple of weeks ago. He has a condo in Oceanside that should have had a lot of equity in it but he refinanced numerous times to pour money into his business. His business went under about a year ago and he hasn’t been able to find gainful employment since that time (he has had temp. things here and there). So he hadn’t been paying his mortgage, HOAs, or property taxes. Anyway, he just landed a great job about a month ago. He contacted his lender and they were all too willing to help him work this out. He will be refinancing, yet again. Prior to getting this job, he was packed and ready to walk away.
