Onyxx Partners of New York announces a unique new program that connects a network of private lenders with distressed home owners facing the loss of their homes to foreclosure. 
United States of America (Press Release) May 11, 2008 --
In the past a homeowner who fell behind in their mortgage payments was not able to borrow the money they needed to pay off the arrears, even if they had the ability to resume their regular payments. Most banks demanded the arrears be paid in full, complete with legal fees, late fees etc. by the homeowner before allowing them to resume their mortgage payments.
Even if some banks would entertain a repayment plan, it typically required an upfront payment of, typically, ½ of the delinquent amount with the other half spread over the next few months, which made it unrealistic to most cash strapped borrowers, so they lost their homes.
Now, Onyxx Partners of New York has announced a new program that can solve the problem with emergency private loans. These loans, of $1,000-$25,000 are personal loans made by a network of private lenders. They are designed to enable homeowners to pay off their arrears entirely and get back on track with their mortgage payments, thus saving their homes!
There is no equity needed in the property and all credit scores are considered. Loans are for a 3 year period. Interest rates will vary with the strength of the borrower. Closings are in 10-14 days in most cases.
To apply, go to http://EmergencyPrivateLoans.Com Click on "Private Loans"
Media Contact:
Bill Young, President
Onyxx Partners
50 Hill St
Southampton, NY 11968
Phone 646-961-3818
Website:
Even if some banks would entertain a repayment plan, it typically required an upfront payment of, typically, ½ of the delinquent amount with the other half spread over the next few months, which made it unrealistic to most cash strapped borrowers, so they lost their homes.
Now, Onyxx Partners of New York has announced a new program that can solve the problem with emergency private loans. These loans, of $1,000-$25,000 are personal loans made by a network of private lenders. They are designed to enable homeowners to pay off their arrears entirely and get back on track with their mortgage payments, thus saving their homes!
There is no equity needed in the property and all credit scores are considered. Loans are for a 3 year period. Interest rates will vary with the strength of the borrower. Closings are in 10-14 days in most cases.
To apply, go to http://EmergencyPrivateLoans.Com Click on "Private Loans"
Media Contact:
Bill Young, President
Onyxx Partners
50 Hill St
Southampton, NY 11968
Phone 646-961-3818
Website:
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