See If You Qualify for a Loan Option. Calculate Your Home’s Equity here!
Calculate my Home's LTV
If you have 40% or more equity in your home, we may be able to help you!
Loans as low as $100,000
Some reasons you may need a Foreclosure Bailout Loan:
- You’ve received a foreclosure notice or a pre-foreclosure notice
- You’ve been given a Sale Date
- You owe property taxes and want to pay them off
- You owe HOA fees (homeowners association)
- You have an HOA Lien
- You've received Final Judgement notice
- You've received a Lis Pendens formal notice
- You have a Notice of Default
- You're in Foreclosure
- Your house has a Sale Date and in the Notice of Public Auction
- Your Loan Modification is taking too long
- Your Forbearance is coming to an end
- You have a Balloon payment coming due
- You have Bad Credit b/c of late mortgage payments
- Credit Card debt or large, unpaid Tax Bills
We have creative mortgage solutions to save your home from being auctioned off. Call us today! Don’t sit back and do nothing and lose the property left to you by a family member or walk away from the property you fought so hard to buy!
Advantages of Getting a Foreclosure Bailout Loan:
- Private Lenders
- Bridge Loans Only
- Quick Approval
- Fast Closing
- Can Get Cash Out
- No Financial Statements
- Short Loan Terms
- Can Get Cash Out
- No Financial Statements
- No CREDIT (in most cases)
- No Tax Returns
- Simplified Process
- Limited Documentation
How Do I Get A Foreclosure Bailout Loan?
A foreclosure bailout loan is a short term bridge loan specially designed for borrowers who are facing foreclosure. Like other private money loans, it offers limited documentation and a quick closing, saving the property from being sold on the courthouse steps.
This new loan from us replaces the current mortgage (the one that’s in foreclosure) by paying off the entire balance, thus giving you a new mortgage. Once this payoff is made, any foreclosure that’s in process by the original lender (your old mortgage company) will be stopped and eventually dismissed, allowing the owner of the property to keep possession of their property.
Once the foreclosure has been dismissed, the borrower then pays their new monthly mortgage to the new lender, following the loan terms agreed upon during the process of obtaining the new loan.
To get a Foreclosure Bailout Loan from us, we require the borrower to have LTV of 60% or lower because we can lend up to 60% of your appraised value. Also the property must be an Investment Property or an Owner Occupied home that’s in an LLC.
Home Equity Example
- Home Value: $1,000,000
- Unpaid Balance: $400,000
- Equity Calculation: $400,000/$1,000,000
= 40% LTV (Loan to Value) - Your LTV qualifies and we may be able to help you!
Why should you call Stop Mortgage Foreclosure Today?
Foreclosure doesn’t have to be the end. A new loan with us is a new beginning. Let us help you get from under the burden and stress of possibly losing your home to foreclosure and let us help you find a new path forward… with a new loan option to save your home!
Calculate my Home's LTV
Most Common Reasons for Getting Behind on your Mortgage:
- You may have lost your job due to COVID
- A spouse or family member required surgery or became ill
- Unexpected life changes have gotten in your way
Any of these reasons could have triggered a Foreclosure or Notice of Default.
Is A Foreclosure Bailout Loan the right loan for you?
It depends on your loan amount, your loan to value (LTV) and your Appraised Value. Let’s start the conversation here. Let’s talk!