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No
matter what others have told you, a loan to stop foreclosure is still possible. There are several lenders
who will loan you money, regardless of your credit or your past
mortgage loan history.
When you apply for a stop foreclosure loan, there are three major things
the lender will look for; credit, income, and loan to value.
If you are less than 2 months behind, then your credit is probably
still acceptable. If you are more than 2 months behind, you
may need more stable income and equity in your home to qualify for a stop foreclosure loan.
While most mortgage loan companies have basic minimum guidelines
to qualify for a foreclosure loan, the lenders we work
with are more understanding of your situation. No one is turned
down on the basis of credit, income, or equity, until each case
is thoroughly reviewed.
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Regardless of your mortgage credit history, or what others have told
you, you may still qualify for a foreclosure mortgage loan. Even if you do not
meet the requirements for this type of loan, many times exceptions
are made to the rules, so it makes sense to find out if you
can refinance your home out of foreclosure today.
Non-traditional foreclosure lenders and private foreclosure lenders are much more lenient
with these guidelines and will sometimes lend you as much as
90% of your home’s value, so never rule out a refinance loan to save your home from foreclosure.
You may discover you could have refinanced your home only when
it is too late. Do not let this happen to you.
Do not rule out a foreclosure loan until you have researched all the
options. Fill out the form below and we will advise you of any
and all options you still have available by sending you a free, customized e-book
that contains more in-depth details about this entire foreclosure loan process. After completing this form, we will also create your free listing to put you in direct contact with our foreclosure lenders and private foreclosure investors who can immediately loan you the money to stop foreclosure or provide alternative solutions to foreclosure.
Start
your evaluation here
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