Anyone fund a cilent in Foreclosure
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  1. #1
    Member Reputation points: 11 socalgav's Avatar
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    May 2013
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    Orange County , CA
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    Anyone fund a cilent in Foreclosure

    Hello........ have a file , client is in Foreclosure... got behind when business slowed down to about 400K per yr.... now doing about 1.2M per year. Looking for 60K to get an extension from bank while she works on solution . Works out of building, however if they had to move would not effect income. Don't have a lot of time. Yes i know it is a Hail Mary

    Inbox me or send me an email. gharris@kiwicapital.us

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    South Florida
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    Chances are, NO - is the property in a trust or separate llc? is it her primary residence? if its a personal bankruptcy the home is part of the asset list.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
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  3. #3
    Senior Member Reputation points: 203054
    Join Date
    Jan 2014
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    its possible, he is doing 100k a month. Had a similar situation once, no one wanted to touch file. I got underwriter to agree to fund and they send part of funding directly to merchants mortgage bank to get him current and it funded.

  4. #4
    I may be able to do it depending on the details on the property- feel free to contact me if you have any deals that you need help on

    Ben Corey
    Funding Manager

    714-495-2186
    ben@usacapitalco.com

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