How a Bridge Loan Closed at 10.5% Delivered a 16% Effective Yield — and What That Means for Investors Overview This case study examines a real bridge loan originated by Gelt Financial, LLC that paid off significantly ahead of schedule. [...]
TL;DR: A notice of default is a formal letter from your mortgage lender or servicer stating that your loan is in default, whether from missed payments, a maturity default, or another breach of the loan terms. If you're a [...]
TL;DR: The right of redemption lets a former property owner reclaim a foreclosed home, either before the sale through equitable redemption, available in every state, or after the sale through statutory redemption, available in roughly half of the states [...]
TL;DR: The legal foreclosure process moves through a set sequence of stages, starting with a missed payment or some other act of default, moving into default notices and legal filings, and ending in a foreclosure auction where the property [...]
TL;DR: At a foreclosure auction, the property is sold to the highest bidder in a public auction, and if no outside buyer meets the lender's opening bid, the lender takes the property back. Florida law lets a borrower stop [...]
Quick Answer Judicial vs. non-judicial foreclosure comes down to one thing: does the process go through the court system or not? Judicial foreclosure requires a lawsuit and a state court judgment as part of the court process, while non-judicial [...]
If you are facing foreclosure, the first question is usually the same. What documents do you need to apply for a foreclosure bailout loan? A foreclosure bailout loan uses the equity in your commercial property or investment property to [...]
TL;DR: A foreclosure bailout loan typically costs more than a conventional mortgage because it moves fast and carries more risk for the lender. Expect an interest rate in the low double digits, one to five points, and closing costs [...]
At Gelt Financial, we have been making asset-based commercial and investment-property loans since 1989. One of the reasons our investors sleep well at night is that every loan we originate is secured by real estate, and behind that collateral [...]
TL;DR: A foreclosure bailout loan is a short-term loan that pays off your delinquent mortgage and stops the foreclosure sale before it happens. Most foreclosure bailout loans close in days, not months, because private lenders base approval on your [...]
