Southern California homeowners facing foreclosure now have a strategic financial option to prevent property loss, according to mortgage specialists at Arbor Home Loans. The company offers foreclosure bailout loans designed to help homeowners retain their properties by leveraging home equity and providing alternative financing solutions.
The foreclosure process moves quickly in California, with statutory timelines allowing just 120 days before significant legal actions commence. Homeowners typically encounter three primary options when confronting potential foreclosure: paying the entire past-due balance, selling the property, or securing a specialized loan to halt the proceedings.
Arbor Home Loans' unique approach focuses on property value rather than traditional lending criteria like credit history or missed payments. Their financing can cover first, second, or third trust deed loans for residential and commercial properties, with repayment terms ranging from one to three years.
The specialized loans enable homeowners to bring defaulted loans current, stop sale proceedings, and maintain property ownership. By providing rapid approvals and overlooking traditional lending barriers, the company offers a critical financial lifeline for those at risk of losing their homes.
These bailout loans represent more than a temporary financial solution; they provide homeowners an opportunity to stabilize their financial situation, potentially rebuild credit, and retain the equity they've accumulated in their properties. The approach is particularly valuable in a real estate market where property values and individual financial circumstances can change rapidly.
