Second Chances · All of Florida
EN ES ¿Prefiere español?A foreclosure bailout loan may pay off your delinquent mortgage — missed payments, late fees, and legal costs included — if the lender approves the full file. Credit is not part of qualification. The lender qualifies the transaction on property equity and reviews the property, title, verified payoff, loan structure, and exit strategy. I structure it as a bridge with a documented exit strategy. Licensed throughout Florida, confidential, in English or Spanish.
Plain English
A foreclosure bailout loan is a short-term mortgage secured by the equity in your home. If approved, it pays the verified payoff and arrears owed to the foreclosing lender. Credit is not part of qualification. The lender qualifies the transaction on property equity and reviews the property, title, verified payoff, loan structure, and exit strategy. Every file needs a documented exit strategy, such as refinancing later if eligible, a planned sale, or another specific source of funds. Terms run up to 36 months in most cases with no pre-payment penalty.
An approved bridge loan may resolve the delinquent mortgage if it closes and delivers the verified payoff before the sale. Submitting an application does not pause a foreclosure. The property, title, payoff and exit strategy need review. See how I structure the full plan →
Florida appreciation means many homeowners in trouble have meaningful equity. That equity is the basis for qualification. The lender still reviews the property, title, verified payoff, loan structure, and exit strategy.
If approved financing closes and delivers the verified full payoff in time, the foreclosure may be resolved before the auction. The servicer, court process, title condition, payoff figures, and time remaining control the result. Check your sale date →
Never sign your deed over, never pay upfront fees, and verify any lender on NMLS Consumer Access. A legitimate bailout loan is a recorded mortgage in your own name — you keep title to your home.
A bad year, a layoff now behind you, an illness recovered from — if you can pay going forward but can't catch up the past, that's a solvable problem. Bank-statement and asset-based exits exist too. Non-QM programs →
An equity-based estate loan may address the inherited mortgage and an agreed heir buyout if approved. Your attorney and title team must confirm ownership and authority to borrow, including any required probate approvals. What to review when probate and foreclosure overlap →
Before choosing a new loan
Having equity is a starting point. It does not establish that a new loan can close or that it is the best option.
If the home is inherited, start with the probate financing checklist. If you also need to pay co-heirs, read how to review the sibling buyout amount.
Statewide
Florida foreclosures are judicial in every county — filed with the county Clerk, ended at an online auction — and I'm licensed throughout the state. Local guides for the markets I work most:
The full program, the second-chance plan, and everything I've written on foreclosure in one place.
Miami help →Fort Lauderdale, Hollywood, Pembroke Pines, Pompano — and Broward's older condo stock.
Broward help →Special assessments on fixed incomes, high-value auctions, and reverse-mortgage exits for owners 62+.
Palm Beach help →Post-2020 equity, storm and insurance shocks, and the Hillsborough Clerk's online auction.
Tampa help →Seasonal hospitality income, fast-moving HOA liens, and vacation-rental mortgages behind on payments.
Orlando help →Decades of quiet equity in the urban core, military families, and heavy investor pressure.
Jacksonville help →Lee County — post-Ian insurance shocks, canal-front equity, and Lehigh's two decades of foreclosure pressure.
Cape Coral help →America's most foreclosure-pressured metro — commuter budgets and new-construction HOA bills.
Polk help →Vacation-rental defaults and the whole process available en español.
Osceola help →Volusia County — commuter budgets, beachside income, and older coastal condos.
Volusia help →Honest Answers
A bridge loan may provide funds to pay off a delinquent mortgage when there is sufficient property equity and the lender approves the file. Applying does not stop or postpone a sale. The financing must close and the verified payoff must be delivered in time. Discuss legal deadlines with a qualified Florida foreclosure attorney.
Yes. Reinier Cancio reviews equity-based foreclosure financing for homeowners in Miami, Hialeah, Kendall, Doral and other Miami-Dade communities, as well as throughout Florida. Call (305) 492-2404 to discuss your property, mortgage balance, any scheduled sale date and your exit plan. English and Spanish are available.
An inherited home may be considered when there is sufficient equity and the ownership, probate authority, title and payoff can be documented. Financing may address an existing mortgage or an heir buyout, subject to lender review. Coordinate estate and title questions with the attorney handling the probate.
A foreclosure bailout loan can be structured as a bridge loan: short-term financing secured by property equity, with a documented exit strategy. Credit is not part of qualification for these equity-based programs. The exit may be refinancing later if eligible, a planned sale, or another documented source of funds. Future refinancing is a separate application and is not guaranteed.
Credit is not part of qualification for these equity-based programs. The lender reviews the property, title, verified payoff, loan structure, and exit strategy. Active foreclosure litigation does not automatically disqualify the file, but approval and a particular outcome are not guaranteed.
If approved financing closes and the lender receives a verified full payoff before the scheduled sale, the foreclosure may be resolved before the auction. The servicer, court process, title condition, payoff figures, and time remaining control the outcome; no lender can guarantee that a sale will be stopped or postponed.
Yes — I'm licensed throughout Florida and work files across the state: Miami-Dade, Broward, Palm Beach, Tampa Bay, Orlando, and Jacksonville. Most of the process runs by phone, video, and secure e-signature. Out-of-state scenarios can sometimes be served through private money programs — call and I'll give you a straight answer either way.
More than a conventional mortgage — that's why it's designed as a bridge with an exit, not a permanent loan. Every scenario is different, so I quote each file individually by phone after a free, confidential conversation: (305) 492-2404. What I can promise in advance: terms up to 36 months in most cases and no pre-payment penalty, so you refinance out the moment you qualify.
Talking to me costs nothing and touches nothing. The initial conversation is free and confidential — we discuss your equity, your timeline, and your realistic options before any application is involved.
No — and be careful with anyone using that phrase. Foreclosure-rescue scams typically ask you to sign over your deed or pay upfront fees. A bailout loan is a licensed, regulated mortgage in your own name: you keep title to your home, the delinquent loan is paid off at a recorded closing, and you refinance out when you're ready. I'm a licensed Florida loan originator (NMLS #1615071) — verify me on NMLS Consumer Access before you work with me, and verify anyone else the same way.
A free, confidential conversation — where the loan stands, what your equity is, and whether a bailout structured as a bridge with an exit actually fits. If it doesn't, I'll tell you that too.