Can I get an extension on my loan if it hasn't sold after 5 months? Jordan Brewer
In the rare event that five months has passed, you've already exhausted all of your options to sell your property and your property still hasn't sold, you can request a forbearance to extend your loan an additional 3 months past the initial term. To request this forbearance extension of your loan, please contact your loan coordinator via phone or email or submit a support ticket by emailing us at support@dohardmoney.com.
The cost to extend your loan is equal to 1% of the loan amount for each month extended past your original term. We cannot roll this cost into the loan. This is a hard cost that you will need to pay via ACH, check, or credit card to prevent your loan from defaulting. Your loan coordinator can explain more details after submitting your request.