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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 Orlando Home from Being Sold at Auction

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Commercial Loan Program: foreclosure bailout loan

On behalf of a couple whose Orlando home was in foreclosure proceedings, we obtained a cash-out refinance foreclosure bailout loan to give them the liquidity to pay off the first mortgage and bail them out of the foreclosure action.  Besides the foreclosure, other challenges included water damage to the home caused by a leak, as well as a city lien on the property due to an issue with an open permit.  Despite all those issues, we were able to get them approved for a loan.  They are now out of the foreclosure litigation, and they were able to put the leftover cash into savings.

Skills

Posted on

July 30, 2019

1 Comment

  1. D Singleton

    Good morning Mr. Krebs,

    I have been working with a client of mine that is need of a foreclosure bailout product. I was advised you have such products, and would like more information as well as your turnaround time with closing such files. Thank you in advance.

    Reply

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