Behind On My Bank Loan Payments… How Can I Sell My Lexington House Fast?

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Missed a handful of mortgage payments?

Late on your house loan…Browse this article for a few guidelines on what you can do to prevent and prevent foreclosure.

Drowning. Impossible. Swamped. Lost cause. Challenging. That’s how you feel if you get behind on your home loan in a city like Lexington, Kentucky.

Man… 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 ain’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.

There are a few options that can help you to avoid foreclosure in Lexington, Kentucky and maybe even keep your house, even if you’re behind on payments. Quite a lot of properties in Lexington have been lost to foreclosure, but there are a lot of ways to avoid it.

1. Signaling with the white flag

Most see bankruptcy as the absolute last option. However, negotiating with all of your lenders at once will reduce a ton of stress. It is a bunch of work, and it will not help you avoid your house loan. Different lenders will treat your situation in different ways. 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 issues. Basically, reaffirming the loan is an additional commitment to pay. If your Lexington property is auctioned off, an affirmation could cause extra responsibilities.

3. Making House Affordable (MHA)

If your mortgage qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders can choose to participate in MHA or not.

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 bank loan payments temporarily suspended or reduced.

MHA is a government program, so be prepared to deal with lots of paperwork. It’s free money, but you are going to have to jump through some hoops to get it.

4. Negotiate

Call your lender. You’ll learn that nearly all of them have some sort of assistance for this very issue. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your mortgage loan payment.

Most of the time, lenders will want to steer you to refinance your loan, but by the time you are a few payments behind, you probably don’t qualify for a decrease in your interest rate.

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their bank. 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, and email. When you feel fed up and think ” they are shafting me” you are going to have to swallow It and call again. Don’t sink your own ship by being rude. Ask for help from everyone you speak with, but do not sound distressed. 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 property because you plan on living there long term.

If you seriously want to stay in your house and make “nice” with the bank, just let them know. Your mortgage company is exceptionally forgiving as long as you are willing to work with them. If you only missed a few payments, and want to keep your home, then sometimes the mortgage provider will just add the missed bank loan payments back onto your loan. In the long run, your lenders will more than 2x their investment, so just talk to them and they will want to work it out with you. The last thing they want to do is take your home because they would lose a lot of money. If you will meet them halfway they will make it work with you.

If a banker can say no to someone like you who needs their help, then obviously they’ve forgotten how their business turns a profit and just need a little help remembering.

5. Get a bridge loan from an investor

We will buy your Lexington, Kentucky home if you are behind on your payments, and need to sell your Lexington, Kentucky property. In particular circumstances, we may even be able to help you stay in your property.

We work with Lexington property owners to find solutions to mortgage problems.

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


If you must get rid of a house near 40507, we should be able to help you. We buy homes in Lexington, Kentucky like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or fill out the form here today-!

We’re glad to help you get answers to your toughest questions about Lexington property, so please get in touch with us at 888-509-6267 Ext 4 and chat with us 24/7/365.

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

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We buy real estate within 50 miles of the following zip codes: 40502, 40503, 40504, 40505, 40507, 40508, 40509, 40510, 40511, 40513, 40514, 40515, 40516, 40517.


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