I'm sorry about the refi Mimi, it surprises me that the loan officer did not see this as an obstacle as soon as he got permission to pull credit, and saw this account on your report. Any mortgage in default is a large obstacle/red flag. It is too bad he/she went ahead and ordered the survey/appraisal and you are out that fee.thank you. I guess you are right. We are so deep into this re-finance it's such a disappointment.But what can you do.
On the bright side, you are settling that 2nd for 5% and getting that done is huge! Guess we just need to forge ahead with a fistful of daisies and our faces to the sun, and count our blessings as we go.