Harbor Private Equity offers loan workouts to individuals that have fund themselves in a foreclosure situation that are looking to get back on track with their payments. A loan workout is a plan of how to restructure debt in the face of foreclosure as an alternative to having assets seized in the event you do foreclose.
In a workout loan Harbor Private Equity will determine why the borrower was unable to repay the loan and what the likelihood is that the borrower will be able to make payments on the new terms. This involves understanding the nature of the hardship that the borrower has faced, the amount left on the existing loan, how much equity has been earned in the property, and future financial prospects.
Borrowers that are facing foreclosure that are looking to get back on track and make payments on their property can investigate if workout loans are right for them. Call Harbor Private Equity today.