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Foreclosure Bailout 
Loans

Foreclosure Bailout Refinances are based on the value of your home.

  • No Credit Needed

  • No Employment Verified

  • No Income Needed

Foreclosure Bailout Loans

A Foreclosure Bailout Loan is a mortgage designed to save property owners from having the properties being foreclosed upon by their banks, it is a refinance loan. The home owner takes out a mortgage to pay off the current loan that's in default.
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Foreclosure Bailout Refinances are based on the value of your home, and how much you owe your current mortgage companies. For this reason, most of these loans require an appraisal.

 
A foreclosure bailout loan should be viewed as step one of a three step process to an affordable mortgage payment. Expect a high interest payment on this type of mortgage because of the risk factor.
 
Once you have your bailout loan completed and the NTS (Notice of Trustee Sale) and the NOD (Notice of Default) have been satisfied, then we maybe able to refinance you one day out of NST and NOD with one of our non-qualified mortgage loan programs and possibly cut your interest rate in half. Of course your must be minimum credit and income qualifications, check with your loan office about them.

Most foreclosure bailout loans require at least 25-30% equity in the home in California and outside California approximately 50-60% LTV is required. While many potential borrowers do not fall into this category there are some that do and can benefit from the bailout programs, contact us we maybe able to obtain an exception. NOTE; we get people loans with really bad credit as low as 450!

Any time a mortgage goes 90 days late, banks will consider that loan in default.

A foreclosure bailout loan will be costly and typically carry a higher interest rate because the lender's risk is so high.

These loans are for business purposes or investment properties.

We do not delay foreclosure sales, we do not participate in loan modification assistance, we do not offer document preparation of any type. If you have a home in foreclosure and have a pending sale date we suggest that you seek legal assistance. Sorry we do not provide referrals for legal assistance.

Funding on Foreclosure Bailout Loans maybe as fast as 7 days or up to 45 days or more depending on your situation.

Call 

123-456-7890 

Email 

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