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Need a private investor... fast... with "no qualify"?


We purchased a beautiful home in the resort town of Breckenridge, Colorado, overlooking the golf course. In November, we had a hiccup in our finances. Because of a pending refinance, we weren't worried, but it was taking a long time for them to create a new loan package for us.

On January 4th, they told us that it may very well take closer to the end of the month to get everything together, maybe sooner. At the same time, the bank told us we had to bring the loan up to speed by January 31st or they would file foreclosure proceedings. Thereafter, we were told on February 1st that the refinance company had $12 million in defaults in January, and they had to respectfully decline.

We are now in foreclosure and our FICO score has been hit hard by the foreclosure on our credit. We need someone to buy the house and lease it back to us in order to refinance in 6-12 months.

Please specify your terms and we can go into further details.

Thank you for your consideration.

The foreclosure sale already occurred, and no one bid on the property. I cannot go to prosper.com because we are talking about $1.4 million dollar first mortgage and a $300k second. The first went to sale on 6/15 and I have 75 days to redeem. The second is set to foreclose 6/29. I am trying to figure out whether the second is null and void or if it is going to proceed to sale.

If it is going to proceed to sale, in the State of Colorado, does that limit my redemption period to the date of that sale, or do I still by law have 75 days to redeem from the date of the foreclosure sale.

This is why I need a private investor to contact me who is interested in purchasing the property from the bank (redeeming the first position) in order to lease it back to me until I can get the foreclosure removed from my credit and refinance.

So far as the second mortgage, if it goes to foreclosure sale, and no one bids on it, then what? The bank owns second position or drops off completely? Confusing.

Contact your current lender and ask for a "Forbearance Agreement". This agreement is a common practice and will stop any forclosure proceedings. They do not want your property, they want payment. Your lender will work with you! This will allow you to refinance with a conventional lender, which will cost much less than a private investor. Hope this helps.

Try prosper.com, investors look there, not here.

Ditto.

And be cautious if anyone responds to you from here. You know not to put money upfront to get a loan, right?

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