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UNDERSTANDING FORECLOSURE BAILOUT LOANS

WHAT IS A FORECLOSURE BAILOUT LOAN?

To simply define a foreclosure bailout loan, it is a mortgage loan that is designed in such a way that it will stop a foreclosure, payoff the existing mortgage with a new one. Yes foreclosure bail out mortgages are higher rates and more expensive than other permanent mortgages as well they usually are short term loans, designed to give you the time you need to solve the issue and pay it off.

The foreclosure bailout loans are usually short term loans allowing you the time you need to solve the issue and either sell the property when you’re not under distress or reestablished your credit and refinance to a lower rate long term mortgage. Typically foreclosure bailout loans do not have credit score requirements and are primarily based on the collateral, value, equity and income and expenses of it.

They can be structured many different ways including the use of bankruptcy remote entity’s, sale lease backs, or just as a short term usually 1-3 year refinance. We highly encourage anyone dealing with this to have a great attorney representing them.

SHOULD YOU OPT FOR A FORECLOSURE BAILOUT LOAN?

It is true that losing your investment or commercial property to a bank in a foreclosure is a very scary thought. But the threat is very real, even if you have made all your payments on times banks can still foreclosure on you if they have a reason to put the loan in default and there are many non-monetary reasons.   Yes, you can always opt for legal arguments to delay the foreclosure, the reality in the vast majority of the times this is only puts off the problem, makes it bigger and does not resolve it. During this time the debt usually increases, your credit is usually more damaged and it costs you a lot in attorney’s fees as well as unbelievable amounts of stress. Beware of attorneys who pound their chest saying it will be all right, just pay me.

Unfortunately, a huge number of people have faced this situation, sadly most don’t have great outcomes the primary reason is they want to long to act or because they think they don’t have any other option. This is not true at all!

At Apex Capital Solutions, we are aware that a lot of things happen in an individual’s life, but as long as there are equity and income or potential income, we can usually solve the problems. The good news is Apex Capital Solutions can offer you foreclosure bailout loans through a simple and short application process.

After a quick evaluation of your requirements, we will be able to offer you the highest possible amount that will get the mortgage lender off your back and also save you from getting foreclosed. We are committed to offering simple and effective financial solutions to troubled homeowners and help them in avoiding foreclosures.

If you want to avoid foreclosure of your real estate investment and or commercial properties, the best option for you might be foreclosure bailout loan. No traditional financing institution like banks will offer foreclosure bailout loans. Apex Capital Solutions is built on the foundation of helping people with financial solutions. We understand that people can come across unexpected crises amidst an unstable economy, but we are willing to make things easier for them.