California Foreclosure Bailout Loan

A California Foreclosure Bailout Loan is a mortgage designed to save homeowners from having the properties being foreclosed upon by their mortgage company. it is basically a refinance loan on there home loan they have now in most cases.

When taking a foreclosure bailout loan strongly consider paying the points to remove the prepayment penalty. This will allow you to fix your credit and get in a better loan with in the next two years. Our foreclosure bailout mortgage loan require at least 30% equity in your home. At present the market is at 70% ltv on a 2nd trust deed and 1st loans going to 65%.

Each company has different guidelines when they file default but as a general rule of thumb, any time a mortgage goes 120 days late, most mortgage companies will file a notice of default.

When compared to the option of selling your home or loosing the home if foreclosure proceedings are completed, the higher interest rate associated with a bail out is usually the best alternative. These bail out programs are a form of refinance, You still maintain ownership of the property. Our 80% is a lease back program.

In some cases you may be able to pay off additional debts as part of a foreclosure bailout / refinance. If you have enough equity in your home this may be exactly what you need to get back on track.

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Get Started Now

We know that in most cases time is of the essence when you are in the market for a California Foreclosure Bailout loan. There are a number of ways you can get the ball rolling right now:

• Fill out our California foreclosure bailout loan information form and we will contact you shortly
• Email us at request at Hardmoney_direct@yahoo.com
• Foreclosure Bailout is as easy as filling out simple application. Fast answer, Fast Hard Money Funding