Believe it or not, sometimes refinancing is the best way to recover from a bankruptcy. Refinancing to relieve pending foreclosures will help you save your house by borrowing from the built-up equity of your home. Fear not that you are being threatened with foreclosure, have a bankruptcy or delinquencies on your credit report. We have helped many people in similar situations qualify for a loan refinance and save their home.
Before we get into that, a bit of advice for getting back on track: Call and talk to the Loss Mitigation Department of your existing lender. They will tell you about some of your options but they will NOT necessarily tell you about ALL the possible options!
Normally, they will suggest a workout payment plan where you start making increased payments for some amount of time to catch up with the amount you are behind. Foreclosure is stalled and as long as you follow the plan as agreed, when you make the last repayment, the foreclosure is stopped completely.
But most people don't have enough money on a monthly basis to increase their payments. Another option that the majority of people don't know about is asking for a Loan Modification. This is going to be more complicated and there has to have been some mitigating circumstances in order for you to qualify. Basically, all past due payments are added to the end of the loan or distributed across the life of the loan.
You start making payments again a month or two after the agreement and you normally have to put down the first month payment when this
If you are one of those people whose foreclosure doesn't fall into those 'special cases' that would qualify for a Loan Modification, then I might be able to help. We can discuss your foreclosure loan options and answer any questions you may have about the foreclosure bail-out loan process.
Be aware that in order to qualify for a foreclosure loan your loan-to-value (LTV) must be 45% or lower.
Please email the following foreclosure property information to our office staff at :
) your pre-foreclosed home is locatedRemember, your personal information is kept strictly confidential and your privacy is 100% protected. You will be contacted immediately after submitting your foreclosure loan request.
Important: We cannot work with you to solve your pending foreclosure problem unless you email your foreclosed loan information to us. Don't get sucked into a downward spiral. That you are reading this tells us that you are ready to do something. Please take the next step. Don't delay a second more. The clock is ticking! Act now to save your home.
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