Can refinancing stop a foreclosure?

Refinancing allows you to obtain a new loan to pay off your existing mortgage, including the delinquent amount. In that way, refinancing will stop your foreclosure. However, obtaining a refinancing while your Ohio home is under foreclosure can prove difficult. A bank may not want to take a chance on you when you have been unable to make your current mortgage payments. If one of our attorneys thinks a refinancing agreement is right for you, we can negotiate for one on your behalf.