Our investors can only help if you have equity still in your Florida home, condo, townhome, secondary home, vacation home, or doublewide and land. Our hard and private money investors will meet with the client and discuss a game plan to get them a new loan based on their home’s equity. Our goal is to put the borrower on a sound new loan and give 30 to 60 days before they make the new payment on the new loan. Our max LTVs on a foreclosure bailout loan would be 60 to 65% based on the value of the home, condition of the home, and the amount of the payoff.
Many times we can get the payoff reduced if the current lender is willing to work with our investors. The most critical thing when you are in foreclosure is the panic and emotional piece of making sure time it is not running out and giving the borrower realistic timelines. If we can’t do the loan, we will just let the borrower know upfront there is nothing we can do. Many times the borrower has the equity; however. they call us too late to help them. Our Florida hard money investors will work fast and quick. The other roadblock many times in helping the borrower is getting the real payoff, with no surprises when it comes to closing. That would add a huge amount of added costs by the current bank or mortgage company and kill the deal.
At AHL Hard Money Network, we are here to help, give peace of mind, give realistic and honest times lines, and honest answers. These are very difficult and tough loans. Patience by the borrower is very critical. If you are in foreclosure in Florida or going into foreclosure, need help, and have equity in your Florida home please give us a call today!
Hard Money Network is provided by investors who offer equity loans for free and clear properties in Florida. We at AHL Hard Money Network are a lead and marketing company that connects borrowers with hard and private money investors and we provide educational resources on hard money for potential borrowers.