A married couple from Palmdale, California called my office Monday afternoon asking if we could help them save their household. They are delayed in their mortgage payments for 3 months and their house is in foreclosure.

They have kids, they adore their home, and they do not want to move anywhere else. They have low credit, in foreclosure and possess high debt ratio so financial institutions turned them down.

Knowing the urgency of the couple's situation, I started asking them questions about their financial situation, what affected their credit, the amount of mortgages they owe, liens, collections, judgments, and so on.

At the end of our conversation, I told the client that we can get them a loan through hard money investors. The borrower was surprised to hear that they finally could get a loan and steer clear of losing their property.

Trying to find a loan through regular banks is subject to limited loan to value, debt ratio, income documentation and credit rating rules.

For property owners or borrowers who have low credit scores, in notice of default, foreclosure or bankruptcy, they are going to quickly get declined by banks. Does it mean that they cannot get a loan and lose their home? Absolutely not!

Hard money or private money loan may be the remedy for low credit borrowers and who're in financial hardship such as notice of default, property foreclosures, bankruptcy, credit delinquency, judgments, collections, tax liens, etc.

Hard money is equity based, non-fico based lending. As long as the borrower has equity left in the home after the deductions of all mortgage loans owed, liens, charge offs and collections, interest payment waiting times, and prepayment penalty, they may be qualified for this type of loan.

Hard money is hard-earned money of individual investors, groups, corporations, insurance companies, and hedge fund managers who are able to offer you financing based on equity or even collateral from the borrower.

If refinancing for hard money will not work for homeowners/borrowers who're in notice of default, foreclosure or bankruptcy, there are actually other creative ways that they can get help from hard money investors.

If you're a borrower in need of a loan for your company, do your research on investment equity and ipo capital by exploring: why go public.

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