answersLogoWhite
Debt and Bankruptcy
Loans
Mortgages
Debt Collection
Foreclosure
Money Management

Where can you find a sub-prime mortgage lender who specializes in homes where foreclosure has begun if you have low FICOs?


Top Answer
User Avatar
Wiki User
2006-09-26 09:48:31
2006-09-26 09:48:31

www.e-hardmoneylender.com. The company is US Money Source d/b/a Soluna First. If you have a lot of equity (at least 35%) you can get a loan with no employment verification. 866-669-8226. This loan would be a bandaid loan to help get you out of a situation. You can then refinance once your credit improves. Just make certain that you can afford the monthly payment so that your credit will improve, allowing you to get a better loan in the future.

Related Questions

User Avatar

When you are applying for a mortgage ask your lender about how to acquire a subprime mortgage. They will walk your through it and advise as to if this is the best option for you.

User Avatar

No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue. No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue. No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue. No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.

User Avatar

You can use a mortgage broker who can access a subprime lender database to locate lenders that meet your requirements. Once a lender is identified, complete the residential mortgage application and federal/state disclosures.

User Avatar

No. You have no authority to transfer a mortgage unless you are the lender. The lender can assign its rights under the mortgage to another lender. If you are the owner of the property transferring the property to another will violate the terms of the mortgage and may incur added expense to the foreclosure costs.

User Avatar

The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure. The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure. The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure. The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.