Cashout Options is expanding and looking to motivated individuals to join our team. We offer full mentoring in a number of different kinds of strategies, such as; foreclosures, fix n flip, wholesaling, REO's negotiations, short sales deals, commercial properties and more! We need driven people who only want to succeed! For more information, contact us at cashoutoptions@gmail.com
A Short sale is for owners who can no longer afford to keep mortgage payments current and do not want to go through bankruptcy or foreclosure proceedings.
When lenders agree to do a short sale it means the lender is accepting less than total amount of loan due.
Banks want to avoid taking over homes, especially in a declining market; this is why short sales are the best solution for people facing foreclosure.
Notes: Our short sale services are FREE to you; the lender covers all the costs involved
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A foreclosure is a situation in which a homeowner is unable to make principal and/or interest payments on his or her mortgage. The lender, be it a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
Notes: If you are facing foreclosure the best advice we can give you is ACT NOW! Many people facing foreclosure simply do nothing and hope for a miracle. Don't fall into that trap!
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1. When a business or person revises their payment schedule for repaying debt.
2. Replacing an older loan with a new loan offering better terms.
Notes: We specialize in conventional refinances, hard money refinances, bailout programs, commercial refinances and many other specialty loans. We also do FHA loans!
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Forbearance is a postponement of loan payments, granted by a lender or creditor, for a temporary period of time. This is done to give the borrower time to make up for overdue payments.
Notes: Basically, forbearance allows the borrower to put a temporary hold on his or her monthly payments, usually for up to one year. Forbearance is common for unemployed people with outstanding student loans. If the lender doesn't agree to a forbearance then we can still assist you in keeping your home.
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Cashout Options offers generous referral bonuses for mortgage brokers, real estate professionals, lawyers, accountants, financial planners, contractors, friends, and neighbors all run across people who could benefit from our services. You give us information about the property and the owner, we'll make contact. If we help you or your client then you get a check at close of escrow. It's that easy.
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