
| Foreclosure,Notice Of Default, Hard Money, Bankruptcy, Unlimited Mortgage Lates. Cohen Financial Group Hard Money Dept. Can Help Are you in Foreclosure? We can help!!! Want to keep your home? We can help!!! Want a loan? We can help!!! We specialize with working with those in or near Foreclosure. Our focus is Foreclosure Bailout Loans . We have the connections to get you a loan, Fast!. In Many Cases we can Close the Loan within 7 DAYS (If Completed Appraisal in Place) With all the upheaval in the mortgage industry it is important that you select a firm that is able to place your loan no matter your qualification criteria. We can still place your loan as we are approved with the best of the surviving lenders. If we cannot place your loan NO ONE CAN… Cohen Financial Group will not B.S. (bait and switch) you - we will pre-qualify you so that you have NO surprises. When we give you your rate and terms you can feel extremely confident that our offer is good and deliverable. About our Hard Money Foreclose Bailout Team Cohen Financial Group is a nationwide, direct , hard money Broker with over 400 Private Investors, Banks, Lenders. We fund: • Pre-Foreclosure Apply Below for Fast Approval • Foreclosure • Bankruptcy • Non-conforming loans (loans that do not meet banks' criteria) From $100K to $8 Million within the United States. We loan up to 70-80% of Home Value. We are 100% Equity Driven, No Fico, Income, Credit Required. If you are committed to saving your home, then we have programs that will stop foreclosure. However, time is NOT on your side. The next step you take to stop foreclosure, could make the difference between keeping the home you have worked so hard for, or losing it forever. Our stop foreclosure programs are designed specifically for homeowners who are behind on their mortgage and need foreclosure help. Your first step is to call your lender, confront the situation, realize that you are not alone and that we can help you stop foreclosure. If you have received a sheriff sale date, call our office immediately. We are not concern with low Fico score. If you are in Foreclosure, submit your loan information, or call us today or apply Below If your Banker said “No” to your loan request, submit your loan online to see if you qualify for financing with us. BEGIN HERE TO STOP FORECLOSURE 24 HOUR RESPONSE Why use us? Reliability: The buck stops here. We make the final decision. If we say it is ago, we mean it. Speed: Our Lenders are Private Investor Funds. We can close in a few days. Integrity: We will be upfront and honest with you all the way through the process. If we cannot complete a loan for you, we will tell you immediately. We have helped and closed thousands of customers in Foreclosure. We can Help you. What is Hard Money? Hard Money lending is collateral based. Collateral can include real estate, business assets, receivables, and personal assets such as cars, art, jewelry, etc. Most hard money lenders prefer real estate as collateral. Real estate holds its value well and is immovable making it much easier to collect on if the borrower stops making payments. Since collateral is the main requirement, credit, income, and other person qualifications are not as important, and often are ignored in the underwriting process. But don't be surprised if a hard money lender asks for your personal information and runs a credit check. They still want to know who they are dealing with in order to prevent fraud. Common misconceptions about what hard money lending is include: unsecured debt consolidation loans, personal loans, and loans for more than what the collateral will allow a lender to recoup from the foreclosure process. These loan types are best served by banks and large institutional lenders that feel comfortable with the additional risk of losing money in the event of non-payment. Most hard money lenders will not make construction loans, no money down purchase loans, and rehab loans based on fixed up values. These are special niches that only a small percentage of lenders cover. Hard Money lenders are often from private sources. The lending philosophy is to fill niches conventional lenders will not touch. Because of their small size and personal involvement, hard money lenders can usually close a loan much faster and with less paperwork than a conventional lender. Speed and flexibility are the hard money lender's biggest competitive advantage, allowing them to charge higher rates and fees than conventional lenders. Because hard money is expensive, it is typically viewed as a temporary solution. Loans are usually written for no more than a 5 year term. No Slowdown in Foreclosure Filings Hardest-hit cities are on coasts and in Rust Belt, according to a new survey By Les Christie, CNNMoney.com staff writer Nov. 14, 2008 NEW YORK - California, Florida, and Ohio continue to dominate new foreclosure filings, as most of the nation saw increases in the third quarter, according to a new survey. During the period ended Sept. 30, 77 out of the nation's 100 largest metropolitan areas reported rises in delinquencies compared with the previous three months, according to the latest report from RealtyTrac, an online marketer of foreclosure properties. The three most affected states reveal the two main causes of mortgage payment problems: economic weakness, as exemplified by Ohio, and speculative excess that led to high home prices and unaffordable mortgages, as represented by California and Florida. Read Full Article Cohen Financial Group The Hard Money Specialist |





| Loan Modification Help A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose is to help make your loan more affordable. Usually it is in the form of a rate reduction and fixing the rate for a certain amount of time. In the past this was only used when a borrower was delinquent and suffered a hardship such as a job loss, divorce, illness etc. Now, borrowers can obtain mortgage help from their lender for unaffordable rate adjustments on adjustable rate mortgages. The earlier you get started, the better your chances are of negotiating a fixed rate and a payment that you can manage. If you can afford your home and not just your loan, then you may be eligible for a loan modification. “With this type of cooperation from loan servicers, we can save tens of thousands of people from being added to the foreclosure lists. This common-sense approach does not involve a government subsidy or bailout,” said Governor Schwarzenegger. Loan Modification Preparation Fannie Mae, Freddie Mac and HUD offer loan modifications to loan servicers and borrowers as a tool in the area of default management. In a loan modification, the terms of a loan are restructured to prevent foreclosure. How To Resolve Distress Mortgage In January, the Cohen Financial group started working with LoanResolve.com to help lenders and distressed borrowers avoid foreclosure. Under the partnership, Wolters Kluwer will provide regulatory compliance support to LoanResolve, which guides borrowers to potential workout solutions online. In the case of a loan modification, LoanResolve can produce documents to meet lender requirements through Desert Document Services, a Wolters Kluwer platform. |