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How to Get a Foreclosure Loan
1. How to Get A
Foreclosure
Loan
Contents
Negotiating a new housing loan with a
Introduction....……………………………1
different lender is a neat way to avoid
What Are Foreclosure Loans……..2
foreclosure. You could use the money to pay
off your troubled loan, extend your payment Where to Get a Foreclosure
Loan…………………………………………..2
period back to the full term, and perhaps even
secure a lower interest rate if these are down. Comparing Offerings………………....2
Do not despair and do not lose hope. Here are Reading Before You Sign…….……...3
some tips to get you started.
2. 2
What Exactly Are Foreclosure Loans
These are loans offered by third party lenders to help
prevent foreclosures. Any person may advance money like
that. However, most lenders are specialist financial
institutions.
Where to Get a Foreclosure Loan
There are many companies in the business of advancing
foreclosure loans, although not all may have offerings that suit
you. Ask friends and colleagues for advice. The loan officer at
your bank could be a valuable source of information too.
Compare Offerings Carefully
What’s does that mean? Get hold of brochures and read up on the opportunities that
For more terms and definitions,
exist. One neat way to find the cowboy lenders is to google for
check out ForeclosureDeals.com’s
glossary page: “company name” + complaint. You could find your way into chat
http://www.foreclosuredeals.com/G
lossary.php rooms, where you could get further useful advice and feedback.
If you have a friend in real estate, their opinion could also be
handy.
3. 3 Read Before You Sign
Foreclosure Deals
12550 Biscayne Blvd, Suite 306
Miami, FL 33181
Do not sign on the turn. Take the documents home and
FAX: 1-347-402-6620
Contact@foreclosuredeals.com study them in peace and quiet. You can ask a friend to read
If it’s not a deal, we won’t list it here! them out aloud to you, making sure that you understand
Find us on the Web: the contents fully. If in doubt, you should not need a lawyer
http://www.ForeclosureDeals.com/
– ask your local housing office for their thoughts instead.
A foreclosure loan can be an effective way to avoid an
impending foreclosure, and you might even end up being
better off. The same rules apply as in any business deal,
though. Read the small print, beware the buyer, know what
you are about, and choose the best foreclosure loan for
you.