Hard Money
Foreclosure Bailout Loan
Facing foreclosure can be a stressful and overwhelming experience. CMRE's Foreclosure Bailout Loan program offers a fast and effective solution to help you regain control of your property and avoid the devastating consequences of foreclosure. With rates starting at 9.875%, we can provide the urgent funding you need to satisfy your existing debt and get back on your feet.
Program Benefits
Avoid foreclosure and protect your credit rating.
Receive funding quickly to stop the foreclosure process.
Flexible loan options tailored to your specific situation.
Competitive rates starting at 9.875%.
Opportunity to rebuild your financial stability.
Work with experienced professionals who understand your challenges.
Program Highlights
Max LTV
70%
Min Credit Score
600
Max DTI
50%
Loan Amount Range
$50,000 - $2,000,000
Amortization Options
Eligible Properties
- Single Family
- Multi Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Provide documentation of verifiable income sources.
- •Demonstrate sufficient income to cover loan payments and other expenses.
- •Stable employment history or consistent self-employment income is preferred.
Asset Verification
- •Statement of all assets including bank accounts and investment properties.
- •Verification of liquid assets for closing costs and reserves.
- •Adequate equity in the property securing the loan.
Insurance & Title
- •Hazard insurance policy covering the full replacement value of the property.
- •Flood insurance may be required depending on the property's location.
- •Proof of insurance coverage must be provided prior to closing.
Property Requirements
- •Minimum FICO score of 600 required.
- •Review of credit history to assess overall creditworthiness.
- •Recent bankruptcies or foreclosures may require additional documentation and explanation.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
CMRE understands the urgency of your situation. We strive to provide quick approvals, often within 24-48 hours, allowing you to stop the foreclosure process without delay. The exact timeframe depends on the completeness of your application and the complexity of your case.
While a minimum FICO score of 600 is preferred, we understand that financial difficulties can impact your credit. We will consider your overall financial situation, including your assets and ability to repay the loan, to determine your eligibility. We are more concerned with the current value of the property than past credit mishaps.
Once you receive the Foreclosure Bailout Loan, you can use the funds to pay off your existing mortgage and stop the foreclosure. From there, you will be on a payment plan to repay the Foreclosure Bailout Loan. We highly recommend that you work to either refinance into a more standard loan or sell the property within the loan term.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
