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

Call me if you need this type of loan and I can take your information over the phone. I'll fill out the quick quote form for you OR you can 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 10 business days. 

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

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I ALSO OFFER THESE SERVICES:

I LIST AND SELL PROPERTIES
If you are a homeowner who would like to list your property for sale to reach buyers who can offer you a higher market price, I can list your property and place it on the MLS, where it will be forwarded to all websites where buyers are searching for homes. 

Once a buyer makes you an offer that you accept, I will place it into escrow and manage the process through closing. 

My fee is paid by the seller when we close escrow. The fee is based on the actual sales price. 

I BUY PROPERTIES FOR CASH
• 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   

If you are a homeowner and a loan does not work for you and you decide to sell, I can give you an offer to buy your property.
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Call, text or email me and I will do my best to help you!

Cheryl Gollnick (951) 318-6420