Foreclosure Bail Out Loan

Foreclosure Bail Out Loans are hard money loans used to help a property owner catch up their back payments on the mortgage loan, which will bring their loan current.

When a home owner applies for this loan, they are in one of these positions:

• The homeowner is behind on payments but a Notice of Default has not been filed
• The homeowner has received a Notice of Default, meaning their lender has notified the trustee to handle the foreclosure process. The homeowner has 90 days to cure the default before the trustee can file a Notice of Trustee Sale
• The trustee has filed the Notice of Trustee Sale, giving the homeowner only 21 days to cure the default before the property can be sold at public auction                      

HIGHLIGHTS:

• Quotes Within 2-4 Hours
• Funding Within 5-7 Days
• Loan Amounts - $100,000 - $5,000,000
• 1st, 2nd, 3rd Position Loans
• Owner and Non-Owner Occupied Rental Property
• No Application Fee
• No Upfront Costs

EVERYONE QUALIFIES!

• No Income Documents
• No Bank Statements
• No Tax Returns
• No Appraisals
• Bad Credit Ok
• Currently in Foreclosure Ok

BENEFITS:

• Cash out is allowed
• 1st, 2nd, 3rd Position Loans
• Owner and Non-Owner Occupied (rental property)
• $100,000 minimum loan
• No Appraisal
• Bankruptcy filed is ok (it must be dismissed before closing on the loan)
• Property listed for sale is ok (close our loan to catch up arrears then continue to sell)
• Currently In Default On Your Property Taxes Is Ok
• Have Judgments Or Liens Attached To The Title Is Ok
• In Probate Is Ok As Long As You Have The Authority To Act For The Estate

Please click the button below to fill out the form and submit it.

I can get you a quote usually within 2-4 hours and the loan can close within 5- 10 business days. 

** Note that the property must be located in California.

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Click To View The Frequently Asked Questions 

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Click To View The Required Documents

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Click To View The Loan Process

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I ALSO BUY PROPERTIES FOR CASH IN THE CASE WHERE A LOAN DOES NOT WORK

• I buy properties from homeowners who need to sell quickly for various reasons 
• I buy properties for cash or I take over the loan, paying back payments if any, to bring the loan current
• I give cash to the homeowner for part of their equity
• The homeowner makes no repairs (the property is purchased as is)
• The homeowner pays no sales commission or closing costs

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Call, text or email me and I will do my best to help you!

Cheryl Gollnick (951) 318-6420