How to Get AForeclosureLoan ContentsNegotiating a new housing loan with a Introduction....……………………………1different lender is a neat way to avoid What Are Foreclosure Loans……..2foreclosure. You could use the money to payoff your troubled loan, extend your payment Where to Get a Foreclosure Loan…………………………………………..2period back to the full term, and perhaps evensecure a lower interest rate if these are down. Comparing Offerings………………....2Do not despair and do not lose hope. Here are Reading Before You Sign…….……...3some tips to get you started.
2What Exactly Are Foreclosure LoansThese are loans offered by third party lenders to helpprevent foreclosures. Any person may advance money likethat. However, most lenders are specialist financialinstitutions. 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 CarefullyWhat’s does that mean? Get hold of brochures and read up on the opportunities thatFor more terms and definitions, exist. One neat way to find the cowboy lenders is to google forcheck out ForeclosureDeals.com’sglossary page: “company name” + complaint. You could find your way into chathttp://www.foreclosuredeals.com/Glossary.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 SignForeclosure Deals12550 Biscayne Blvd, Suite 306Miami, FL 33181 Do not sign on the turn. Take the documents home andFAX: 1-347-402-6620Contact@foreclosuredeals.com study them in peace and quiet. You can ask a friend to readIf it’s not a deal, we won’t list it here! them out aloud to you, making sure that you understandFind us on the Web: the contents fully. If in doubt, you should not need a lawyerhttp://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.