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THE 6 MOST ASKED QUESTIONS.
Who, What, When, Where, Why and How. Who do we help? Our company helps people in foreclosure who want to stay in their home, the payer who has a low credit score or a highly encumbered property, and when typical lenders can’t do anything for them. What do we do? Our Foreclosure Rescue Program uses convertible lease’s, that upon conversion guarantee a mortgage loan to the homeowner for up to 90% of the property value, when the deed is re-conveyed. Therefore, when the deed goes out of the party in default, it’s guaranteed to go back to that party in the future. When do we help? The earlier we get started the better. We require that mortgage payments be at least 2 months delinquent. Usually most people wait too long thinking a miracle will happen before the sheriff sale. But through experience, we know it won’t happen that way. Where do we help? The foreclosure rescue program can work in any state where property in foreclosure is allowed to be Sold, Purchased, Mortgaged or lease optioned. Why do we help? Because we have found so many people who need our help but can’t get it from typical financial institutions. They are facing losing their homes and if we can give them the chance, their lives will be changed around with a fresh new start. How do we help? The program is very creative program involving a team of lawyers, financial institutions, mortgage brokers, Rescue Buyer, all working together for the homeowner to create a Win! Win! Win! Situation for everyone. Vinny Napoletano [email]vinnyn@elitemtgpro.com[/email] 732-851-6380 |
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I have a guy in NJ that we are trying to close a loan for. The poor guy is trying to save his house. It is a bail out forclosure. He has lates since Dec.. so we are talking 4x30 best case scenerio. I had a lender that I got approval from then the LTV was reduced to 55%. This guy needs to payoff his current mtg of $171,500 Appraised value is $313,000. I need a lender that will give this guy at least 60% LTV Any advice? Do you know of any lender that willt ake a foreclosure loan and give 60% CLTV? Thanks
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