Mortgage Financing To Stop Foreclosure in BC

Looking to stop foreclosure in BC? We arrange for you to get a mortgage for foreclosure with approval in as little as 24 hours, and mortgage financing up to 70% of your home’s market value in major centers.

Home foreclosures can happen for a variety of reasons like job loss, illness, marital breakdown, estate issues and more. We have successfully assisted clients with emergency financing and we can provide education and guidance that can help you get back to a bank in as little as one year.

What’s the Mortgage Foreclosure Refinance Process?

Refinance or reinstate your real estate owned by using a home equity loan to stop foreclosure. This simple process starts with a call to us. We will start your application immediately and pre approvals can happen in as little as 24 hours.

What You Need To Know If Your Properties Go Into Foreclosure

home mortgage foreclosure

Do you have missed mortgage payments? Have you been issued a notice of default letter or are you in a redemption period? I can help you by providing you a mortgage for foreclosure option that might be right for you, wherever you are in the foreclosure process.

What Are A Homeowner’s Options to Stop A Foreclosure Process?

Clients facing these difficult times are usually confused with the process of foreclosure in BC. Furthermore, you are often left with few refinancing options and tend to avoid doing anything to stop mortgage foreclosure. This is the wrong thing to do. If you are seeking a home equity loan to avoid both non judicial and judicial foreclosure, we have many lenders able to help you. Give us a call, and we’ll match you with the best one.

Act Fast To Get Your Mortgage For Foreclosure Man thinking how to stop foreclosure

How long before a mortgage goes into foreclosure? After you miss your first payment, you enter the pre foreclosure phase, and you will generally have 120 days till the foreclosure begins. Borrowers have just a few options at this time, and fast action is imperative to keep your best options viable. If you take action immediately your 1st mortgage holder may allow you to bring that mortgage up to date. This is achieved by way of applying for a 2nd mortgage which I can help you do promptly. This option is usually your cheapest option because a 2nd mortgage is more cost effective than refinancing your 1st mortgage. By bringing your 1st mortgage current with a 2nd mortgage loan, we essentially stop foreclosure in its tracks. Allow your licensed BC mortgage broker to negotiate on your behalf.

What To Do If Your 1st Mortgage Lender Will Not Reinstate Their Mortgage

If your 1st mortgage lender will not permit you to bring them up-to-date, a 1st Mortgage through a private mortgage lender is your other option. To be qualified for this you will be required to fill out a mortgage application. At this point I will set you up with one of our private mortgage lenders that finances clients with mortgages for foreclosure.
Foreclosure Reinstate Mortgage

Although refinancing a mortgage out of foreclosure in BC is costly, the alternative sometimes may be even more costly. Keep in mind that getting a home equity loan to stop foreclosure should be used as a short term solution. You can successfully get back on track usually within a year if your credit or income situation improves. At that point I should be able to present your application to a conventional lender that may offer you a lower interest rate.

If you think a mortgage for foreclosure may solve your financial needs please feel free to call and find out about foreclosure mortgage rates in BC Canada.

Please take this opportunity to go to Equifax and order a copy of your credit.

Learn Tips Here On How To Improve Your Credit Score

If you live in or near major Cities and Towns in British Columbia like Vancouver, Kelowna, Cranbrook Kamloops, Penticton, Salmon Arm, Prince George, Campbell River, Courtenay, Nanaimo or the Greater Victoria area, mortgage lenders will be more willing to lend those facing foreclosure because of the high population within the city or town. As you go further out towards the more rural areas, the pool of mortgage investors diminishes. To find out if your property qualifies, call your Vancouver BC Mortgage Broker.