Private or non-traditional lenders take a hard money loan. It is a short-term loan that provides a quick turnaround between purchasing and selling a property. Homeowners or investors generally use these loans in the real estate industry for commercial or rental properties.

When you fall behind on mortgage payments, the threat of losing your home can seem imminent. A hard money loan is a viable option for those facing foreclosure and needing immediate financial relief. This quick solution pays off your delinquent mortgage and stops the foreclosure process.

Hard money loans generally have short terms, starting from one to three years. If you extend the loan period, you may have to pay a relatively high interest rate. The loan will be approved quickly, whereas traditional banks take more than 30 to 60 days. Hard money lenders give you loans immediately, depending on the type of funding, as they will not check your credit history or financial statement. Additionally, the documentation process is also limited. While facing foreclosure, you may have multiple debts or liens against the property. This hard money loan can consolidate these debts and settle all the outstanding payments.

If you are also considering where to get a hard money loan, contact Stop Mortgage Foreclosure for foreclosure mortgage loans. The company connects you to lenders offering personalized advice and service support. You get flexibility in repayment terms and loan structure to meet specific demands for real estate. Once it gets approved, you will be immediately relieved. It pays off the overdue mortgage, stops foreclosure, and gives you time to get back on track.

If you have missed several mortgage payments and tried all other options like refinancing or loan modification, contact our lenders and get hard money loans to stop foreclosure today. We review the current financial situation and mortgage status and offer all the options that best suit your needs.

To get a hard money loan to stop foreclosure, we require an LTV of 60% or lower. The property must be an investment or owner-occupied home; with only 40% or more equity, we approve your loan as low as $100,000.

Call us and fix the appointment today. Let us help you get from under the burden and stress of foreclosure.

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