See If Your FL home qualifies 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 up to $3,000,000
Some reasons you may need a Foreclosure Bailout Loan:
- Your Business Revenues have decreased
- Your tenants are behind in their rent payments
- You owe business or 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 were denied a Business Loan and want to use your Home's Equity to access funds
- You've received a Notice of Default or Foreclosure Notice
- You're in Foreclosure or have been given a Sale Date
- Your house is in the Notice of Public Auction and is being sold soon
- Your Loan Modification is taking too long or you no longer qualify
- Your Forbearance is coming to an end
- You have a Balloon payment coming due
- You have Bad Credit b/c of late mortgage payments
- You have Credit Card debt or large, unpaid Tax Bills
FLORIDA is one of the primary states we lend in. If you live in a high net worth neighborhood and are looking for a creative financial solution to get you out of FORECLOSURE, call us today! Don’t sit back and do nothing and lose the property and all your equity! It costs nothing to inquire. Give us a chance. We may have a solution for you!
Advantages of Getting a Foreclosure Bailout Loan:
- Private Lenders
- Can Get Cash Out
- Quick Approval
- Fast Closing
- Low Doc Bridge Loans
- No Financial Statements
- Short Loan Terms
- Loans up to $3M
- Single Family Homes, Condos, Townhomes, Vacations homes are eligible
- No Credit Check (in most cases)
- 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 be getting back on your feet after a job loss due to Covid
- A spouse or family member required surgery or became ill
- Your business hasn't recovered from Covid losses
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!