eal Estate Investments
At Apex
Hard Money, Inc. we can help you get
out of foreclosure, possibly even if you
have a sale date.
If you are behind on your mortgage, or
if you have received a Notice of Default
(NOD) or Notice of Sale (NOS) we can
help refinance your property even though
you may have mortgage late payments on
your credit.
The general
parameters for private loans are: A loan
amount of up to 65% of the value of your
property can be provided without looking
at your credit or income. In some
instances 70% of the value can be
provided. For example, if your house is
worth $ 500,000, we multiply $ 500,000
by 65% and arrive at a loan amount of
$325,000 as your private money loan
amount minus any fees.
If you are
behind on your mortgage or facing
foreclosure or a sale date, call or
e-mail us right away. In many cases we
are able to speak with your existing
lenders and set the sale date back so we
can refinance the property.
Foreclosure
bailouts can be done even if you have a
bankruptcy. In some cases you can payoff
the entire chapter 13 bankruptcy or a
portion thereof, or no part of the BK,
depending on the trustee's instructions.
If there is enough equity in the
property, after paying off your existing
mortgages, you can payoff credit cards,
bankruptcies and other debts and have
reserves for your new mortgage payments
to rebuild your credit. Call us now. We
are here to help you with any situations
involving foreclosure bailouts,
bankruptcy payoff or both.
Stop Home Foreclosures
Apex Hard Money, Inc. has
many years of experience in all
aspects of the foreclosure
industry.
-
If your mortgage payment
is 30 days
late, the Bank or Mortgage
Company will charge you
late fees.
-
After
60 days, the Bank or
Mortgage Company will
not accept a partial payment
(1 month), the Bank or
Mortgage Company wants
the past 2 months of
mortgage payments plus
late fees.
-
If you send a partial
payment (1 month), the Bank
or Mortgage Company will
only return your partial
payment.
-
One way around having
your partial mortgage
payment returned is to
Western Union your payment
to the Bank or Mortgage
Company, without a return
address (Save
the Receipt).
-
If you have not paid
your mortgage for
90 days,
the
Bank or Mortgage Company
will start foreclosing on
your property by filing
Foreclosure paperwork at
the county court house where
the property is located in,
and/or by filing a "Lis
Pendence" (a/k/a 'Lis
Pendens' / Latin: pending
lawsuit) on the pending
foreclosure property.
-
Once the foreclosure
proceedings begin, your
credit report will show: "Foreclosure
Proceedings Initiated".
-
When "Foreclosure
Proceedings Initiated"
or "Foreclosure
Proceedings Started"
is on your credit report,
your credit scores will
continue to plummet.
-
Once your credit scores
(FICO scores) drop
below 500,
no banks or mortgage
companies will give you a
mortgage or refinance your
existing mortgage.
-
With "Foreclosure
Proceedings Initiated"
on your credit report, banks
and mortgage companies will
not refinance your existing
mortgage.
-
Only "Foreclosure
Bailout" companies
will refinance your existing
mortgage when "Foreclosure
Proceedings Initiated"
or "Foreclosure
Proceedings Started"
is on your credit report.
If
your house or property is in
foreclosure, you have only a few
options:
-
DO NOT
try to refinance online.
Online refinance "web sites"
distribute your credit
information to multiple
"lenders", who all run your
credit, causing your credit
/ FICO scores to possibly
plummet. Credit agencies
state that running your
credit for a mortgage, does
not affect your credit /
FICO scores.
-
If your house or
property is in foreclosure
and scheduled for "Sheriff's
Sale", call the county
courthouse to request a
Sheriff Sale: "Adjournment"
on the foreclosure property.
-
Speak with your mortgage
company about taking your
home out of foreclosure or
by asking for a
forbearance agreement.
-
File for bankruptcy;
Chapter7, Chapter 13, etc.
-
Sell your house, so you
do not have to lose the
equity you have invested in
your property.
-
Have a friend or family
member purchase your house
or property for you.
-
Refinance through a
"Foreclosure Bailout"
company and pay a much
higher interest rate
(usually around 13% or
higher).
Do not pay any up front fees
(except for the appraisal).
-
Save your home by using
a
lease / buy back option
where an investor buys your
property, up to 85% of the
properties value, and then
leases the property back to
you until you can afford to
buy your house back.
"Private Investors" will
only look at the amount of money
owed on the property, liens and
personal debts. Private
Investors will fund up to 85% of
the houses or properties value.
Most "Foreclosure Bailout"
companies will only fund up to
65% of the houses value. Some
"Foreclosure Bailout" companies
will fund up to 70%-75% of the
houses value. Private Investors
will look beyond the mortgage
debts, liens and any other
debts. The Private Investors are
not interested in credit
reports, only in the value of
your house or property. Private
Investors will purchase your
"Foreclosure Bailout" on an
"Owner Occupied" property, "2nd
Home" or an "Investment
Property", and then lease the
property back to you until you
can afford to buy your house
back (usually 1 year).
DISCLAIMER
NOTE:
NOTHING ON THIS WEB SITE
OR THIS PAGE IS INTENDED AS
LEGAL ADVICE. APEX HARD MONEY,
INC., ITS OFFICERS, DIRECTORS,
FOUNDERS, SHAREHOLDERS,
EMPLOYEES AND INDEPENDENT
CONTRACTORS AND AGENTS DO NOT
PROVIDE LEGAL ADVICE. THIS
INFORMATION IS PROVIDED FOR
INFORMATIONAL PURPOSES ONLY AND
MAY NOT BE ACCURATE. PLEASE
CONSULT WITH YOUR LEGAL COUNSEL
AND ATTORNEYS REGARDING YOUR
SITUATION. APEX HARD MONEY, INC.
DISCLAIMS ALL LIABILITY FOR ANY
INFORMATION PROVIDED HEREIN AND
DOES NOT WARRANT CORRECTNESS OR
ACCURATENESS OF ANY INFORMATION.
NO INFORMATION HEREIN MAY BE
RELIED UPON BY ANY PARTIES. EACH
STATE HAS ITS OWN FORECLOSURE
LAWS AND GUIDELINES WHICH A
PROFESSIONAL ATTORNEY SHOULD
ADVISE YOU ABOUT. |
Nationwide
hard money provided in all 50 states. Loan amounts start at
$100,000 to $ 30 million for residential hard money
loans.
For commercial hard money loans, loan amounts in category one
loans start from $ 100,000 to $ 1 million.
For category 2 commercial hard money loans minimum loan amounts
start at $ 1 mil. to $ 1 billion. For hard money loans
over $ 1 billion exceptions can be made on a case by case basis.
Equity and Debt financing combinations available for loans
over $ 30 million.
Types of
financing include residential hard money loans: Single
family hard money loans, coop hard money loans, condo hard money
loans and 1 to 4 unit hard money loans for conforming and jumbo
hard money loans.
Commercial hard money loans include: Hospitality hard
money loans, Hotel hard money loans, motel hard money loans,
mixed use hard money loans, super jumbo hard money loans,
apartment hard money loans, condo conversion hard money loans,
industrial hard money loans, office building hard money loans,
self storage hard money loans, shopping center hard money loans,
warehouse hard money loans, apartments over retail hard money
loans, assisted living hard money loans, automotive hard money
loans (gas station hard money loans, car wash hard money loans),
bed and breakfast hard money loans, commercial building lot hard
money loans, corporate apartment hard money loans, garden
apartment hard money loans, golf courses hard money loans, high
rise apartments hard money loans, multi family hard money loans,
garden apartment hard money loans, condo conversion hard money
loans, senior housing hard money loans, assisted living hard
money loans, medical building hard money loans, office complex
hard money loans, apartment complex hard money loans, shopping
center hard money loans, parking lot hard money loans, strip
mall hard money loans, retail hard money loans, loft hard
money financing, construction hard money loans,
acquisition and development hard money loans and bridge hard
money loans.
Foreclosure bail out program for properties with 30, 60,
90 or 120+day late payments. If you have received a notice of
default (NOD) call us for a hard money loan right away. If you
have received a notice of sale (NOS) fax your NOS to us at
(516)706-4454 and call us immediately so we can try to set your
sale date back and allow for refinancing. Bad credit hard money
loans provided without regard to credit score. Foreclosure
bailout programs for residential and commercial properties.
Bankruptcy financing and refinancing available with many
programs.
Types of financing include: Purchase and refinance hard
money loans, acquisition and development hard money loans,
blanket hard money loans (blanket hard money loans cross
collateralized more than one property with the same hard money
loan), bridge hard money financing, construction hard money
loans, acquisition and construction hard money loans,
construction completion hard money loans, construction take out
hard money loans, hard money loans for corporations, trust hard
money loans, LLC hard money loans and other legal entity hard
money loans, foreclosure avoidance hard money loans, foreign
nationals hard money loans, joint venture hard money loans,
mezzanine hard money loans, no recourse hard money loans, deed
of trust hard money loans, 2nd trust deed hard money loans,
private money financing for most properties, purchase hard money
loans, refinance hard money loans, cash out hard money loans,
remodel hard money loans, rehab hard money loans, contractor
hard money loans, renovation hard money loans, improvement hard
money loans, second mortgage hard money loans, 3rd mortgage hard
money loans and third trust deed hard money loans. |