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Foreclosure Bailout Program- Owner Occupied

Eclipse Funding Foreclosure Bailout Program

This program continues to grow and better itself as time passes. We’ve bailed so many people out of foreclosure and now it’s time to help you.

As we continue to provide bailout options for Non Owner Occupants nationwide, we are now able to provide bailout options for Owner Occupants (OO) but in limited states. More states will be added for OO soon so always check back periodically for updates.

To complete the online application for Foreclosure Bailout, click the correct option below, view the program in detail then apply online.

Foreclosure Bailout Program

This is a very special program that is not offered with many other Mortgage Companies.

Please read the details of this program to get a better understanding and to see if this program is a good fit for you.

This program is designed for current Property Owners:

  • Facing Foreclosure
  • Facing Bankruptcy
  • Already in Bankruptcy
  • Behind in Mortgage Payments
  • Modification didn’t help
  • Current Lender won’t do a Modification
  • Too late to do a Short Sale
  • Don’t want to lose your property

Need Help NOW!!!

If you fall into any of the categories above, then our program is great for you. Time is your enemy! If your mortgage payments are more than three months behind, your lender has probably already started foreclosure proceedings. As time passes, thousands of dollars in penalties and legal fees can be added to the balance you owe. Every single day that goes by, extra interest and penalties are added to your remaining mortgage balance, making it harder and harder to pay back or catch up!

With the right help, virtually any foreclosure situation can be successfully resolved. PhoneOps Foreclosure Bailout Program can help get you out of foreclosure regardless of your situation or credit history.

Eclipse Funding LLC Foreclosure Bailout is a Nationwide Program!

This program has standard guidelines

  • From $100K to $15M
  • Rate: 10% – 17% based on FICO
  • From 50% to 60% LTV based on property & location
  • Term: 1yr to 3yr
  • Interest Only
  • No PPP-Pre Payment Penalty
  • Down to 350 FICO
  • Non Owner Occupied
  • Property must be vacant or Tenant Occupied upon Appraisal
  • Willing to get out of bankruptcy if in bankruptcy
  • Close as soon as 5 days

Minimum Requirements:

  •  Voided Check
  • A Social Security number
  • Application Fee $295 WAIVED
  • Must have a Checking Account
  • A vaid Driver’s License or State ID
  • A Tri-Merge Credit Report fee of $57
  • Must be able to show proof of income

SERIOUS ONLY!

We are extremely busy with our awesome program so our time is limited. Only complete this online application if you are really serious in moving forward.

If you currently have an Appraisal, you may submit for review BUT if it’s not through an AMC, you will be required to pay for another one.

If you have a Title Company that you would like to use, submit their information including their email address when submitting your application so we can submit the Title Request. If you already have the Title Commitment, make sure it’s dated within 3 days and submit with your application.

Foreclosure Bailout – Checklist

 3 Months of Recent Bank Statements (all pages)
Appraisal Report or Photos of property (Interior & Exterior – as many as possible)
Articles of Incorporation, EIN & signed Operating Statement
CD Contact Form (See Attached)
Disclosures (It will be emailed to you)
Driver’s license or State ID. (Must be color for verification purposes)
Lease Agreements (If any)
Payoff
Personal Financial Statement (See Attached)
Proof of Income (From all jobs, investments, etc)
Real Estate Owned (See Attached)
Rent Roll (See Attached)
Social Security card

Here are the steps moving forward

  1. Subject Property Address in Subject Line when sending back the documents.
  2. Budget of project, purchase price, or Loan Amount.
  3. After Repair Value if Fix and Flip or Current Value if DSCR / Refinance
  4. Down Payment -Bank Statement or Statement for down payment if applicable.
  5. Check your credit scores here:/ send or upload a copy of the report and all scores.Please send me a copy of your credit report with scores and the attached documents.
  6. Please see the attached loan application, credit authorization and all documents needed to move forward.

Send all documents on checklist to: info@myfundingmentor.com

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