Behind on your mortgage? A foreclosure bailout refinance may pay off the default and buy you time, if you act early and the equity supports it.
A foreclosure bailout loan is a refinance that pays off the loan you have fallen behind on, replacing it with new financing — once the defaulted loan is fully paid off, the foreclosure based on that default ends. It is not a rescue scheme or a way to avoid what you owe; it is a straightforward refinance underwritten primarily on the equity in your property.
Timing is the single biggest factor. The earlier in the default process you reach out, the more options exist and the more room we have to structure something workable. Once a sale date is set and close, choices narrow quickly. If you are receiving default notices, the honest advice is to act now rather than wait.
We fund foreclosure bailout loans on both owner-occupied homes and investment properties. When the property is the home you live in and the loan is consumer-purpose, it involves additional disclosures and underwriting requirements, and our team walks you through each of them so you understand exactly what you are signing.
As a direct lender since 2006, we underwrite in-house and close in 5 to 10 business days across California, on loans from $50,000 to $50 million. We cannot guarantee approval, and every file depends on equity, the specifics of the default, and your ability to carry the new loan, but if the numbers work, we move fast.
It is a refinance that pays off the mortgage you have defaulted on, replacing it with a new loan; once the defaulted loan is paid off, the foreclosure based on it ends. Approval is not guaranteed and depends primarily on the equity in your property.
The earlier you act, the better. Options remain broadest before a trustee's sale date is set, and narrow as that date approaches. If you are getting default notices, reach out now rather than waiting.
Both. We fund foreclosure bailouts on owner-occupied primary residences as well as investment properties. Consumer-purpose loans on your residence carry additional disclosures, which we walk you through.
No. Approval depends on your equity, the status of the default, and your ability to carry the new loan. We are candid about whether a file works, and if it does, we move quickly.
As a direct lender, we typically close in 5 to 10 business days once we have the property information and payoff figures, which is often critical when a sale date is approaching.
Fidelity Funding Corp · Direct California private money lender since 2006
450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT