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

Call me as soon as possible if you need this type of loan.

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