Hard Money Second Mortgage
If you have equity in your home and are willing to sell the home to stop the foreclosure you should sign in and open a new case immediately. Equity is the difference between the market value of your home and the amount owed on your mortgage.
Many of our Loss Mitigation Consultants have sources who can arrange a short term loan, regardless of your credit to help stop the foreclosure and give you time so that you may sell the home for the highest price possible.
Hard money lenders consider the value of the home as collateral and overlook any past credit problems you may have encountered. These loans are made solely on the equity in your home. The are always made at very high interest rates so this option is only a temporary option for short periods of time, usually less than one year.
|