Help them protect their funds and those of their partners’. In order to appreciate why this is so, it may help you to know something of our business. Stratton Equities is the leading direct nationwide hard money and NON-QM lender to national real estate investors. Should You Rent a Single Family Home to Multiple Tenants or Not? If you're a homeowner having difficulty making your monthly mortgage payments, there may be help available. Their main concern is for you to follow through on your promises. Six Actionable Tips and Advice. UPDATE: Alpine Mortgage no longer offers foreclosure bailout loans. We base our loan qualifications on the property value, not on the borrowers’ credit; Stated Income, Sub-Prime, Hard Money and Bridge Loans. When facing foreclosure Time is of the Essence. Private Money Loans. COPYRIGHT © 2014-2018 HML INVESTMENTS | ALL RIGHTS RESERVED, Hard money loan lenders: How to prevent a foreclosure, on Hard money loan lenders: How to prevent a foreclosure, Blog – Learn About Hard Money Lending and Real Estate Investing, How to Find Multifamily Properties. A hard money loan might be an appropriate option if you do not have a high enough credit score to secure a loan from a bank. Your lender may refuse to refinance your loan if it considers you to be a high-risk borrower. Hard money loans frequently incorporate this penalty because the private investor wants a commitment from the lender and borrower that the funds provided will be used over a specified period of time. Contact us now for immediate help. Most default or bailout loans are based solely on the equity you have in your home. So if you want a loan for a certain property, you’re not just selling your pitch to the manager of the lending company but you’re also indirectly hoping to woo the other experienced loan professional too. George Thanh Nguyen is the managing partner of Keep Your Home Now and is proudly inspired by the smiles of his clients. it is basically a refinance loan. The hard money lender is willing to take more risk in the form of easier lending standards. Hard money lenders really prefer making loans on properties with a loan to value of 50% or less…” Interest rates on hard money loan to stop foreclosure immediately will be substantially higher than other mortgage loans, often 12% or even greater. We have helped hundreds of homeowners stop foreclosure and we can help you too. If you can’t qualify for a refinance, another option—though not necessarily a good one—to stop a foreclosure is to take out a reverse mortgage to pay off the existing loan. The lender may foreclose if you don’t make the balloon payment when agreed. We suggest that perhaps you work to find a real estate investor in your area that that can help you solve the problem and get out from under foreclosure. Unlike a loan modification, you do not have to be behind on mortgage payments to file for Chapter 13. If you cannot pay your foreclosure loan, the company makes back money in the equity that is already available. Time is your enemy! Do not hesitate, we offer a no obligation consultation and ask for nothing to get started. Alpine Mortgage Services, LLC - NMLS #56905 - 201 W Passaic Street, Suite 101 - Rochelle Park, NJ 07662 Office Phone: (201) 488-8809   |   Fax: (201) 488-8819   |   Toll Free: (800) 876-LOAN, A New Jersey, New York, Connecticut, Florida & California Mortgage Company Specializing in Purchase, Refinance & Debt Consolidation Loans Mortgage Broker, FL Office of Financial Regulation | Licensed Mortgage Lender, NJ Department of Banking & Insurance Registered Mortgage Broker, NYS Banking Department - All mortgage loans arranged with third party providers Mortgage Loan Correspondent, PA Department of Banking & Securities | Licensed Lender, CT Department of BankingLicensed CFL Broker, CA Department of Business Oversight. With the right help, virtually any foreclosure situation can be successfully resolved. Many allow for repayments to be spread out (or to be ‘amortized’) over a longer period of time, such as 30 years to allow for lower payments, but ask for a balloon payment (a lump sum) prior to that. We loan you money from our own pockets but because few of us are sufficiently wreath to plunk out thousands of dollars to not one but several individuals and for not one but several loans we persuade private investors to join us. B of a declined our loan modification and i haven't paid my mortgage for 20 months so Im in default and the house is now in foreclosure.I called B of A on a 9/3 (labor day holiday) asking them if I could reinstate the account to avoid foreclosure, But they said that it will not be a guarantee that they can postpone the sale. Whether you need to finance $50,000 or $15 million+, HBS Finance can fund your loan. We want you to get your building and succeed and we want to be assured that we have made the right choice in investing in you. Here's my situation. Yanni Raz is The Founder and CEO of HML Investments, with over 15 years in the real estate and hard money lending industry, Yanni is an expert in real estate investing, trust deed investments and more. We offer hard money loan programs, foreclosure bailouts, fix and flip, rental loans & more. Chapter 13 bankruptcy can stop foreclosure sales on homes, even if you file at the last minute. Every single day that goes by, extra interest and penalties are added to your remaining mortgage balance, making it harder and harder to pay back! Hard money loans are specialty loan products, only taken on by investors who are willing to invest in high risk loans. We have loan programs to help stop foreclosure. My property was up for auction sale on 9/4/12. They depict them as avaricious grabbers who are love latching onto your property when you default. As time passes, thousands of dollars in penalties and legal fees can be added to the balance you owe. Costs and Estimations of Contractor Markup on Materials, How Much Does It Cost to Set up a Land Trust? They are generally used as "bridge" loans between construction financing and long term loans; hard money loans are often used for construction because longterm lenders may want finished and leased projects. A loan modification, you have enough equity, get a New and... On a $ 100,000 loan would be $ 1000 commercial property or investment property and are subject to latter. Wait, the harder it is for you, no tax returns is so, it may you! Estate Contracts and making $ 5000 per month or more making your monthly Mortgage payments to file chapter... Property was up for auction sale on 9/4/12 face unexpected expenses that stretch budget. The date your loan is due no W-2s, no income verifications, no income verifications, tax! And foreclosure bailout loan is a Mortgage to pay off the current loan that ’ s in default the you. 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hard money loans to stop foreclosure

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