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Updated about 7 years ago,

User Stats

157
Posts
29
Votes
Shara Carlton
  • Investor
  • Chicago, IL
29
Votes |
157
Posts

Stuck Pre-foreclosure!! Please HEELLPPP!!!!

Shara Carlton
  • Investor
  • Chicago, IL
Posted

HELP! I am in pe-foreclosure! I got a person approved for a hard money loan, we purchased a property, and, prior to maturity, we found out that we were not able to refinance due to my guarantor's debt to income ratio. Now, we fixed that part, but the loan has matured so no lender we have tried will touch it because we do not have current payments. The reason we don't have current payments is because the hml will not accept any payments unless it's the full payment. So, what am I supposed to do now??? Just take the kick in the *** and let them foreclose on the property??? There has GOT to be a way out of this, somebody PLEASE tell me how!!

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