Legal Question in Real Estate Law in California

Not sure what you're trying to ask but refinancing is a private matter between you and a bank. There's no law that says your bank or another bank has to refinance a homeowner. If you're underwater, no bank is going to refinance. If you're asking if you qualify for a loan modification, such as with Obama's "Home Affordable" program, then they could lower your payments to as low as 31% DTI (debt-to-income) ratio in some cases, but if you're unemployed that's not going to be a successful loan-mod ultimately since there is no income anyway. Still, talk to your bank and see if they could help you with a loan-mod, since perhaps you will find a job in the near future and get back on your feet.

Larry L. Doan, Esq.

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