Owner Occupied Bail Out Loan

Posted by admin on Jun 1, 2016 in Loan Types | 0 comments

A foreclosure bailout may be a refinance transaction when the true purpose of the loan is to bail out the property owner from an existing property and lien that is in foreclosure. We offer a strict owner occupied bail out loan for this purpose. The term is no more than 12 months with the intention to sell. A bailout is a colloquial term for giving financial support to a company or country which…