Request Information

Submit your lending requirement

We get all situations approved

Please select the SQUARE and click the SUBMIT button

Need To Borrow Money? Own Your Home? No Credit   No Income   No Problem

Stop Foreclosure Mortgage

Get Approved in 3 Simple Steps
Step 1
  • Type of Loan
  • Mortgage Request
Step 2
  • Property Value
  • $ 50,000
  • Mortgage Request
  • $ 50,000
Step 3
Your Estimated Monthly Payment *

  • 24 Hour approvals

    PrivateLend.com always has friendly... Read More
  • quick closes

    We are the quickest funder of private... Read More
  • free appraisals

    We reimburse the cost of your appraisal... Read More
  • lowest rate

    You can feel confident knowing that... Read More

Stop Foreclosure Mortgages

Many homeowners fear losing their homes but what do you do when it happens to you? If you’ve fallen behind on your mortgage payments due to unforeseen circumstances that put your financial well-being in peril, PrivateLend.com has the solution. With a foreclosure mortgage you can avoid losing your home and turn your financial turmoil into a winning situation.

What Is A Foreclosure Mortgage?

Foreclosure mortgages do exactly as their name suggests: they stop your home from being taken away from you.

If you’re hit with a sudden health crisis or job loss, you may fall behind on your mortgage payments. Unfortunately, the bank or conventional lender you received your mortgage from doesn’t care about your illness or you being laid-off. They don’t make allowances for their clients and will take your home if you miss more than a few payments. PrivateLend.com understands that sometimes life throws you rotten lemons that can’t be turned into lemonade. We offer foreclosure mortgages because you shouldn’t be penalized for unforeseen circumstances.

What Is Foreclosure?

Foreclosure occurs when your lender doesn’t receive your mortgage payments for a few months. Depending on the lender, the amount of missed payments vary but generally, your lender will not tolerate anything that deviates from the terms and conditions of your initial mortgage contract.

When lenders do not receive their monthly loan payments they consider it a liability and will do everything in their power to get their money back. The way they do this is by foreclosing on your home so that they can either take possession of it or sell it to recover their potential losses.

Is Foreclosure Legal?

The lender does require the court’s permission in order to foreclose on your home but yes it is legal. Your bank does have the right to take away your home if you miss a few mortgage payments because you signed a contract allowing them to do so.

There are no clauses in your mortgage contract that stipulate that you can miss payments if you fall horribly ill. There is no fine print that gives you the option to fall behind on your mortgage due to job loss. Even if you let your lender know that you will be missing a payment, they will not typically budge because they want their loan paid back as outlined in the terms of your contract. You can hire an entire team of the best legal minds in Canada to dispute your foreclosure, or you can save money and have your mortgage redeemed by PrivateLend.com. PrivateLend.com will find you the funds necessary to stop the foreclosure of your property before it is taken away from you.

If you’ve fallen behind on your mortgage payments or find yourself at a financial dead-end, contact PrivateLend.com. We’ll provide you with a foreclosure mortgage so you don’t lose your home or your dignity.

Back

Current Mortgage

  • Home Worth $300,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • $50,000 Mortgage Requested
  • $25,000 Tax Arrears $500/month
  • $25,000 Credit Cards $750/month
  • Total $2,750/month

Second Mortgage

  • Home Worth $300,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • 2nd Mortgage Payment $250
  • $25,000 Tax Arrears Paid
  • $25,000 Credit Cards Paid
  • Total $1,300/month
You Save $1,450/month!

Request Information

Please select the TRIANGLE and click the SUBMIT button

Latest Blog

What To Consider When Shopping For Mortgages

Posted by | Jun 27,2016

Are you thinking about purchasing a home? If so, then here are the questions you need to consider before you start shopping for a mortgage. What type of lender do you want to use? Mortgages are available through a wide variety of sources. You can obtain a home loan directly through lenders such as credit unions, mortgage companies, and commercial banks. You can also use a mortgage broker, who can contact lenders for you and present you will several different offers. Read More

View All

testimonials

Being a new resident from another country and working for yourself can pose a lot of problems financially and I tried a number or people before finding Privatelend. Alicia and Sunny were quick, helpful and just made my life a whole lot easier. I can breathe again. I would recommend anyone to use them in a heartbeat.

D & E, North York

Thanks again for getting us back on track with our finances. You are all very pleasant and I have nothing but admiration for your professionalism with us in this big step we have taken at this stage of our life. We wish you the very best always.

K & S

I just finished a refinance with privatelend but it would not be complete unless I gave a shout out to my contacted people Alicia and Sunny they were competent ,prompt, easy to contact and very pleasant thanks a bunch girls great job.

Wayne from Whitby
View All