Foreclosure Loans

In case you are a real estate developer or land owner who is at a risk of foreclosure or bankruptcy, you may be looking for financing options to safeguard your properties. Often, we feel distressed when we must lose our property while financial repercussions are poignant since with a foreclosure in your credit history, it will be almost impossible for you to acquire any new property in future. However, with us, you do have efficient foreclosure loans to navigate you through these financial challenges and help you avoid losing of your property.

Our foreclosure loans are meant for business owners and individuals who are about to lose their property. Our experts offer you with a plan of action to help you come out of your foreclosure. All the qualifying business owners or individuals can also apply for bridge loans to help them pay their dues and retain their ownership of their property. The bridge loan will be able to help business owners and individuals to bridge their cash outflows until the sales of their units pick back up, when again the owners can apply for long term conventional financing options.

What to do when you are risk of foreclosure –

Here are simple actions you can take when you are at merge of foreclosure to retain your property –

• Never quit or ignore to contact your bank in such a condition. When you have issues while making your payments, you should also get in touch with lenders as early as possible. You must explain your situation to both your bank and the lenders and be ready to provide them with your financial information and related documents like loan documents and tax returns. Without this they may not be able to assist you.
• Second most important action one must take is never desert your property. In case you abandon your property, you may not be able to qualify for any further assistance.
• Third you may contact us; our experts will help you with expert advice and a set of lenders to help you face your foreclosure. We will develop a complete foreclosure prevention strategy for you to save your property and keep you in track

Criteria for getting a foreclosure loan

The lenders often consider below criteria to help you with reverse loan or reverse mortgage to stop foreclosure —

• The condition of your property
• The market value of the property
• The current mortgage balance

They look for a stable income source so that you have capability to payback the loans. Also, your equity n the property for which you are applying for foreclosure loans. These factors will also generate the interest rates that you will need to pay for your debts.

With us you get the best deal around, and we will help you evaluate different loan options offered and which one have what benefits for you.