If you are in foreclosure

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Rescue 1
A single individual had owned a successful business in Florida for 5 years. Hurricane losses resulted in the business failing. Borrower has since found new employment in a related field. Meanwhile, his home fell into foreclosure. We provided a $405,000 1st mortgage (67%) to bail out the foreclosure. It's what we do!

Rescue 2
Nasty divorce. Neither the husband or the wife would make the mortgage payment for six months. However, the lender did not find their "conflict" amusing and started foreclosure proceedings. Our Borrower (the husband) got the house in the settlement. We provided a 65% loan to pay-off the existing lender. The Borrower selected to buy down the PPP to one-year so he could refinance and get a better rate with a 1 year history after foreclosure.

Rescue 3
A Borrower is 90⁺ days late on his mortgage and is facing foreclosure. He has an excellent equity position in the property and decides to quickly sell the house before he receives a NOD. This nets the Borrower $170,00 cash after sale.  He decides to buy a "worn" home in a great neighborhood for $322,000. He put $97,000 cash down, we loaned $225,000 (LTV = 69.88%) at 11.99%. and the Seller paid the closing costs.  He put $73,000 in the bank; $23,000 for reserves and $50,000 to update his home and place new landscaping; when completed, it will be amongst the better homes on the street.

Rescue 4
Borrower has a 515 FICO and wants to purchase a $220,000 home.  She has a 10% down payment, a 10% Seller 2nd mtg, $11,000 Down Payment Assistance from the city (3rd mtg), a 10% loan from her parents due on sale of her home (4th mtg ). Broker can't find a lender who will make the loan. TheLoanPro.com to the rescue! We provided a 65% LTV 1st mortgage.  Note: we allow any combination of subordinated debt to 100% CLTV

Rescue 5
Jim and Sally are getting a divorce. Their lawyers added plenty of "good" advice to an already acrimonious situation. The result - neither made the mortgage payment for six months. Their lender found this to be less than humorous and started foreclosure. TheLoanPro.com provided refinancing for Sally plus funds to pay off Jim. 2/28 ARM, 11.99%, no points. That's cool!

Rescue 6
Husband and wife getting divorced. Neither are making the mortgage payment and foreclosure has begun. New 65% LTV 1st mortgage ($233,000) in wife's name only; proceeds will pay-off husband and existing 1st and, wife will be deeded the house.

Rescue 7
Couple has owned their house for five years. Wife is on maternity leave when husband gets laid-off from work. Loan gets four months behind and foreclosure begins. Husband gets a new stable job. We provide a new 70% 1st, pay-off existing mortgages and some debt. Now that is something!!!

Rescue 8
Borrower has a 485 mid-score and needs to use stated income documentation. She is down 4 months on her mortgage payments due to a lay-off at the GM plant.Now she is back on the job. TheLoanPro.com funded 65% refi and paid delinquent taxes.
How do you like them apples?

Rescue 9
California couple lived 15 years in their home. Then, everything happened at once . . . Husband laid-off work, death in wife's family and a major roof leak. Score dropped under 500 and they received a NOD. By then, he was back to work full-time. We did a 65% refi to give them a fresh start with a leak free roof. Hard Money, the perfect band-aid!

We can't fit all our rescues on here, but we want you to understand that in most cases...
We Can Help!... Apply Now