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Hard money loans are generally provided by private lenders or investment groups. A hard money loan can be provided regardless of the borrower's credit, income, or any other circumstances, with the exception of equity. The loan is based almost 100% on the equity available in the property. Different lenders have various guidelines for hard money loans, but if you have over 30% equity in your home, a hard money loan may be your best option.
Many hard money lenders are organized as private investment groups, and are less regulated than traditional mortgage companies. This can create the possibility to run into potential scams, so caution should be used when considering hard money loans. We keep a current list of reputable hard money lenders who will consider foreclosure loans.
The easiest and fastest way to receive help on examining this option is to complete the evaluation form below. We will also provide you with information that will put you in direct contact with investors and lenders who are able to provide funding for hard money loans. You may also visit our downloads section to get our e-book that contains instructions, guidelines, and documents that can be used to stop foreclosure on your own.
Foreclosure Process