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
FORECLOSURE BAILOUT LOANS
- 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.
