>>Is the bank appraising the property the same bank that holds the mortgage/deed of trust on it?

No. This is a third party bank offering to refinance, through a mortgage broker (that I trust) working for me. Totally independant of the foreclosing bank. Part of my anxiety is if this is going to work, the refinance has to be approved and come through before the current bank kicks me out.

The bank appraisal doesn't have to match the resale value, there is a little bit of wiggle room. If the resale value was inflated, then it would be a close shave, and I would have to worry extremely that the bank appraisal would come close to the actual resale value.

Don' t really feel comfortable saying too much more about this on the internet... think I said too much already.

I appreciate the input. The more I've been hearing, here and in other research I've done, the more I feel comfortable that the numbers are in line and that this could possibly work, and I'm not spinning my wheels with false hope.

------------------------------------
--http://www.idexter.com
<div class="foot">(Edited by dexter on 08/29/04 02:52 AM.)</div>