5 options to avoid Foreclosure in Fresno, California

Boost Your Credit Report, Have Your Mortgage Paid Off, & Prevent Getting Behind On Your Payments!

 Stop Foreclosure in 93704


Missed a handful of home loan payments? Behind on your mortgage loan…Browse through this article for a number of guidelines on what you can do to prevent and avoid foreclosure.

Missed a couple of house loan payments on my home in Fresno. ” Honestly, it feels like the sky is falling on me.”

Seriously… not only do you have to cover this month’s mortgage, but now you have to find a way to play catch-up and it isn’t like all the other bills in life just stop coming. If anything, when you are behind it just feels like unexpected bills come out of the woodwork.

If you’re behind on home loan payments there are a few options that can help you to avoid foreclosure in Fresno maybe even sell your home. Lots of homes in Fresno have been lost to foreclosure, but there are several ways to avoid it.


1. Chapter 11

No one really wants to file for bankruptcy. However, negotiating with all of your lenders at once will diminish a ton of stress. It will not make your home loan evaporate, but it will put you on a path to eventually walk away. You wouldn’t come out unscathed, but you will survive. Your mortgage lender may handle the process completely different than someone else’s lender. So there is no way Glymph Properties could provide anyone with the exact steps. If you are considering bankruptcy, our advice would be to get professional help.


2. Talk to your lenders – let them know you will definitely continue paying your loan as soon as possible:

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen penalties. Basically, reaffirming the loan is an additional commitment to pay. If your Fresno property is auctioned, an affirmation could cause extra responsibilities.


3. MHA Program

You might be able to participate in the MHA program if your bank loan qualifies. If you have a loan backed by Freddie Mac or Fannie Mae then you have to be considered for the MHA. However, if you have another lender then it is up to their discretion whether or not they participate in the MHA program.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. If you’re unemployed, you might be able to get your home loan payments temporarily suspended or reduced.

Be prepared to deal with a lot of paperwork because as I’m sure you are aware MHA is a government program. It ain’t free money, you gotta work for it.


4. Negotiate

Most lenders offer some level of assistance. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your payment.

If there is even the slightest chance that lenders can make money from your situation they’ll steer you towards refinancing. If you can afford it, and all you are looking for is a brief reprieve from mortgage loan payments then this could work. But, just be aware that ordinarily by the time that you are several payments behind you won’t qualify for a lower interest rate which is where the long term mortgage savings are.

Brutal. That is the best word to describe the typical experience most people have when negotiating with their mortgage lender. You have to be doggedly persistent. Your pride kind of has to go out the window. You are going to have to call, call again and again and again, fax, and email. When you feel fed up and think ” they are trying to fleece me” you are going to have to swallow It and call again. Never, ever be rude. Try not to come across as frantic, but try to get as much help from anyone in a position to help as possible. do not give up. Explain your situation. Offer any supporting documents you have. Most importantly, let the bank know that you are fighting for your home because you plan on living there long term.

If you really want to stay in your Fresno house and make “nice” with the bank, just let them know. Your mortgage lender is exceedingly understanding as long as you’re willing to play ball with them. Making themselves whole. Pretty much if you’ve only missed a handful of payments, sometimes your bank will just add the sum of your missed payments back onto your balance. Your home loan balance is almost nothing to them. Not even a drop in the bucket. Remind them that you need a little assistance and that when it’s all said and done they’ll end up getting a lot more money in the end. Taking a significant loss isn’t on the agenda for the banks. They don’t want to put your home into foreclosure because they know that if they work a deal out with you they will earn an enormous profit in the end.

The logic is sound and based on facts, but lenders routinely get caught up in the passion of the circumstances and forget that. Simply put…Remind them.


5. Throw in the towel & Sell to an investor that works in Fresno 

We can help if you are behind on your payments, and need to sell your Fresno property. If you don’t want to go into foreclosure but just need a little assistance, in some cases Glymph Properties can assist you.

Glymph Properties work with Fresno, California house owners to find solutions to foreclosure problems.

Give Glymph Properties a call and we will see what we can do for you!


If you really need to get rid of a property near 93704, we can help you. We buy Fresno, California homes like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or take a look at our web site so we can buy your Fresno property for cash- http://www.GPBuyshomes.com!

Our company is happy to help you uncover answers to your toughest questions concerning Fresno real-estate, so please call us at 888-509-6267 Ext 4 and chat with us anytime.

Fill out this form or give Glymph Properties a call anytime at 888-509-6267 Ext 4 for a Fast Cash Offer

www.gpbuyshomes.com/sell-my-house-fast-fresno -See how it works

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We are interested in obtaining houses in: 93650, 93701, 93702, 93703, 93704, 93705, 93710, 93711, 93721, 93722, 93726, 93728, 93730.


Are you looking to find more high ROI investment properties or land… explore our investor website or give us a call anytime at 888-509-6267 Ext 3

www.gpsellshomes.com/investment-properties- Fresno

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Are you searching for a rent to own property… take a look at our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5

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