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David A. Krebs is a licensed mortgage broker with over 15 years of experience offering loan options beyond traditional banks

Foreclosure bailout to save Miami home

On behalf of our client whose Miami home was in foreclosure, we obtained a $520,000 cash-out refinance foreclosure bailout loan to save her home in the nick of time.  Her bank had brought a foreclosure action against her, obtained a final judgment, and put her home up for sale at auction.  However, just before title reverted back to the bank, we were able to save her home by giving her the bailout loan.  The proceeds allowed her to buy her property back.  We were able to achieve this outcome, despite the foreclosure proceedings and despite her low credit score in the 500s.



Posted on

January 4, 2018

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