I'm Facing Foreclosure
Hello. My name's Pablo. I'm currently facing foreclosure on a house worth over 200K. The house was bought for about 210K. About 42K is owed to the bank and there are around 4 liens on the house totaling about 35K. Can anyone advise what are they think my options are...NOT including selling the house? What is the possibility that a private investor would be willing to help? 
Casper:
Glad to meet you!
I may be able to provide you with some short term CA$H until you get back on your feet!
It's Hard Money but your #s sound solid enough (Equity to Your Favor) to get something done.
Contact me at Derrick_Ali@hotmail.com
Best of the Best!
Derrick Ali
Casper (Pablo),
Have you looked at refinancing your mortgage and at the same time consolidating all your other liens into the new mortgage? With $77K in liens and over $200K appraised value, you should be able to get a very competitive interest rate for your refinance.
If the payment on the new loan is a lot less than the total payments on all your separate liens, would you be able to work yourself out of your financial crisis?
Talk to your banker. Find out what your options are. If the banker can't help, you still have Derrick's offer of potential hard money assistance to fall back on.
If you refinance your loan, then go to a mortgage broker for help. When you go to banks, you have to fit their criteria before they lend you money. With a mortgage broker, they find out what your criteria is and they find a lender that will fit your situation.
You can find a mortgage broker in the phone book. Good luck.
Tanya[ Edited by tanya1215 on Date 03/09/2003 ]