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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
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                                            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.

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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.