Miami foreclosures are up this year, as many people have lost their jobs or been laid up. Economic times have strained many families and the cost of living is going up as well. Many Miami homeowners are looking to save the largest asset they own.
Someone living in Miami may have gotten behind on their mortgage payments for several reasons: loss of job, medical emergencies, loss of a family member, self-employed, and business has gone down. There are so many reasons why a person may experience foreclosure and now the threat of losing their home.
This is a state of emotional trauma, high anxiety, and a lot of stress for the homeowner. Often, the homeowner fails to act in proper time, which can result in more last fees or extra fees when it goes to the attorney.
At AHL Hard Money Network. we have a portal of 100 private investors who specialize in helping Miami homeowners, condo owners, waterfront landowners, secondary homes, or investment properties. They have 1000 years of hard money experience dealing with a Miami foreclosure bailout loan. Our investors and underwriters are ready to guide you every step of the way and make the foreclosure bailout process simple, easy, stress-free and close in 14 to 30 days. We want to help the Florida homeowners who are behind on their payments not to go into pre-foreclosure but to be able to leverage the equity in their Miami owner-occupied, non-owner-occupied, condo, secondary home or investment property and refinance fast and quickly to save their valuable real estate.
The first step in the Miami foreclosure refinance process is to contact one of our special foreclosure agents who will take your information and spend time getting to know your special situation without any judgments but with total understanding. The main goal is to use the current equity in your Miami real estate to save your home and get you a new loan.
The second step is to have the private money investor call you and set up a time to see the property, and he or she will determine if you have the right amount of equity to get a Florida foreclosure bailout to refinance. The third step if they decide you do have the equity and to order your title and appraisal. The fourth step is for you to get your loan documents to the underwriting department. These documents include your income, rent, bank statements, and any other supporting documentation that underwriting may need, such as a letter of explanation for your financial circumstances for the new lender.
The next step is to get you the final number for review and then after your review to set up the closing. You will have three days to review the documents. Once the recession period is up, you will have 30 to 40 days before you make a new payment with the new lender. The goal is establishing on-time payments and rebuilding your credit to move you to another loan after a year.
Our underwriters and private investors have closed hundreds of foreclosure loans over many years in the Miami market. We have Spanish-speaking agents and specialists ready to help. If you want to save your home and refinance your home and maybe get cash out in some cases we can help. If your home is going to auction and we have at least a month we can still get the loan done. We pride ourselves on working under stress to give our clients a stress-free process. We want to carry the emotional load and allow you to build trust and feel comfortable. your new loan process. Thank you very much for reading our blog.
