Can I refinance showing only 2011 tax returns?

No you would not. It will require 2 years tax returns

Looking at the 2011 tax returns will help determine if 2010 tax returns will be needed.. Specifically if there are carryover losses... your scenario is a little too complicated for someone on this post to just throw out a suggestion... The best advice I can give you is to contact a LOCAL mortgage broker, and apply with the. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Shalom, there are some loan program there we can quailfy you for which would allow us to use ONLY one year tax return rather than 2 years tax returns for your income however we need to find out to see how much you did make for 2011 and what are your other payments per month to see if we can qualify you for that program! If you would like to please call me for further deatailed info :) My best,Shab

If your property is multifamily (5+ units) then I can help.I don't do residential lending

There probably is a way for you to refinance but more information is needed. Do you pay yourself as a W-2 employee or 1099? What was your Schedule C business income in 2011 and loss in 2010, which is shown on line 12 of your 1040s? I am an accountant by education. As such, I am able to analyze current market conditions and structure creative loan alternatives for my clients in a very unique manner. Give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to discuss the loan options available to you. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

If you have a heavy loss from depreciation on your 2010 returns, you can add the depreciation back as income.

First, i need to see what your home value is.. You can email that address to yourloanpartnerforlife@live.com and I can do a property analysis for you linda thats were we need to start first, and if you are upside there is a solution that might work...