Loan Modification

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  • Loan Modification

  • Success Rate

  • Stop Foreclosure

  • Who Qualifies

Foreclosure Bailout Loans
Qualifying for a foreclosure bailout loan has become far more difficult than in the past.  To qualify for a foreclosure bailout loan, a homeowner needs 25% to 35 % equity in there home.

 

This would mean that if your home was worth $200,000 dollars, then you would have to owe $140,000 or less to qualify for a bailout.


With declining home values across the nation, only a small percentage of homeowners have enough equity to qualify. Typically a foreclosure bailout loan is a very expensive process. Most hard money lenders lend at the state maximum interest rate with the maximum points allowed.

 


The good news for you, is that banks now are allowing loan modifications. A loan modification costs a fraction of a foreclosure bailout loan, and can become a permanent fix for your situation.


Call or Apply today for a free consultation.

 


 

 



 
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