E-R-C  LENDING  PROGRAM

·       AMOUNT                     $300,000--3,000,000

·        FUNDING                   1 WEEK FROM LOAN APPROVAL                    

·        RATE                          9.00---10.50%  (INTEREST ONLY)

·        TERM                          1- 5 years

·        PROPERTY TYPE         RESIDENTIAL (OWNER OCCUPANCY NOT

                                             REQUIRED), COMMERCIAL, INDUSTRIAL,

                                             ETC.  IMPROVED PROPERTY ONLY--NO

                                             CONSTRUCTION LOANS. NO PARTICULAR

                                             CREDIT SCORE REQUIRED, WE APPRAISE.
                                   

·         LTV                             UPTO 75% LOAN TO VALUE                   

·        LOAN POSITION          PRIMARILY 1ST, 2ND LIENS AVAILABLE

·        LOCATION                   NORTHERN AND SOUTHERN CALIFORNIA

·        POINTS                       1 POINT TO BROKERS REFERRING LOANS

                                             1- 2 POINTS TO LENDER                                                  

                                                 
-   Options may be available to borrowers who are unable to afford their mortgage payments and who wish to avoid foreclosure. Instructions for borrowers, and services to advise them on steps to take to explore those options can be found at WWW.HUD.COM.

-  A list of financial documents borrowers should collect and be prepared to present to the mortgage servicer can be found at the below link: 
           WWW.HUD.COM

- A toll-free telephone number for borrowers who wish to discuss options for avoiding foreclosure is provided below:

You can use the following phone number for assistance:                (800) 950-6522 (Law offices of Richard Witkin)
You can use the following phone number for further assistance:    (866) 232-9080 (A HUD-certified counseling agency)