Owner Occupied Bail Out Loan

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 faces serious financial difficulty orbankruptcy. It may also be used to allow a failing entity to fail gracefully without spreading contagion. A bailout can, but does not necessarily, avoid an insolvency process.

A bailout could be done for mere profit, as when a predatory investor resurrects a floundering company by buying its shares at fire-sale prices; for social improvement, as when, hypothetically speaking, a wealthy philanthropist reinvents an unprofitable fast food company into a non-profit food distribution network; or the bailout of a company might be seen as a necessity in order to prevent greater, socioeconomic failures: For example, the U.S. government assumes transportation to be the backbone of America’s general economic fluency, which maintains the nation’s geopolitical power. As such, it is the policy of the U.S. government to protect the biggest American companies responsible for transportation (airliners, petrol companies, etc.) from failure through subsidies and low-interest loans. These companies, among others, are deemed “too big to fail” because their goods and services are considered by the government to be constant universal necessities in maintaining the nation’s welfare and often, indirectly, its security

To find out more see our “Hot Loan Products” for rates and guidelines.

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