Foreclosure Bailout Loan

If you are facing foreclosure, we have creative solutions to save your residential or commercial property from being auctioned off.

Funding Capacity

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Term

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Payment Schedule

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Speed

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Foreclosure Bailout Loan

When a borrower takes out a commercial or residential loan, the property being bought or refinanced acts as security for the loan. This collateral gives the lender additional protection.   In case the borrower defaults by missing payments, the lender can foreclose on the property to sell it and use the proceeds to pay the outstanding debt.

What is foreclosure?

Foreclosure is the process of repossessing the property from a borrower who defaults on their mortgage.  While failure to make several monthly payments remains the most common reason for default, there are other less common types of default. For example, lenders typically require borrowers to keep their property in the same condition and form as it was during the loan application process. However, some borrowers may overlook this requirement, and do major renovations of their properties without consulting with the lender first. Though their payments are up to date, these major improvements can still be grounds for default.

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Loan request for…

Purchase or Refinance Residential Property

Purchase or Refinance Commercial Property

Business Lending

Pre-Qualification

Pre-Qualification will provide you with an initial quote with the following information:

  • Loan amount
  • Type of loan program
  • Loan to value (LTV)
  • Interest rate
  • Processing times.

 

Note: Pre-Qualification will NOT require credit to be obtained.

Loan Application

Please click on the Proceed bottom below to complete the Loan Application and create your account to monitor the loan process application.

Note: This process REQUIRES credit to be obtained.

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