Boston, Massachusetts Pre-foreclosure: The way to sell your property even when seriously late on mortgage payments!

Behind On My house loan, But I Seriously Need To Sell My House. Are There Any Local Boston Businesses That Can Help Me!

best ranked house buyers Boston , Massachusetts

Missed a number of mortgage payments?

Late on your mortgage…Check out this blog for several tips on what you can do to prevent and avoid foreclosure.

Drowning. Despairing. Bombarded. Fed-up. Scary. That is how it feels if you need to miss a few home payments in a city like Boston, Massachusetts.

Besides making the most recent payment, then you have to worry about playing catch-up on the mortgage payments you’ve missed and the fees… It can be daunting.

There are a few choices that can help you to avoid foreclosure in Boston and maybe even keep your house, even if you are behind in house loan payments. Quite a lot of homes in Boston, Massachusetts have been lost to foreclosure, but there are a number of ways to avoid it.

1. Chapter 7

No one really wants to file for bankruptcy. However, negotiating with all of your lenders at once will diminish a ton of stress. It is a complicated process. It will put all your lenders on notice and help you to negotiate a settlement. Your home loan could be one of those. With that being said… it will leave a permanent mark on your credit history. Different lenders will treat your situation in unique 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

Doing so can buy you more time, but may come with more penalties. If you reaffirm your commitment to make your mortgage payments, you have to make your payments. If your Boston, Massachusetts property is auctioned off, an affirmation could cause extra responsibilities.

3. Making property Affordable (MHA)

You might be able to participate in the MHA program if your mortgage qualifies. 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.

With MHA, your bank loan payments and/or interest rates might be lowered even the principal balance (if your property is worth less than you owe). Suspended. Reduced. If you are unemployed this is definitely possible.

MHA is a government program, so be prepared to deal with lots of paperwork. It isn’t free money ‘ you gotta work for it.

4. Negotiate

Call your lender. You’ll learn that nearly all of them have some sort of assistance for situations just like this. It’s going to be tough and take a lot of work… but you may be able to get your interest rate reduced and/or temporarily reduce or pause your bank loan payments.

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 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 house loan savings are.

Negotiating with the bank is like running a marathon, after a marathon, after a decathlon, after an iron man. You have to have enough patience to watch concrete dry to get through all the bureaucracy. No matter what happens, don’t 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. Reassure the bank that you want to live in your home long term and explain the situation and provide supporting documentation.

If you seriously want to stay in your house and make “nice” with the bank, just inform them of the situation. Your mortgage company is remarkably understanding as long as you’re willing to work with them. Playing catch up. Quite simply if you have only missed several payments, sometimes your bank will just add the sum of your missed payments back onto your balance. In the long run, your lenders will more than 2x their initial investment, so just ask and they will want to work it out with you. The last thing that the lenders want to do is take your property because they would miss out on a ton of money. If you will meet them halfway they will work with you.

The logic is sound and based on facts, but occasionally the lenders get caught up in the emotion of the situation and ignore that. Help remind them.

5. Take a loan from a private investor

We will buy your home in Boston if you’re behind on your payments, and need to sell your Boston, Massachusetts house. Depending on your circumstances, if you would like we may even be able to help you stay in your Boston, Massachusetts house.

Glymph Properties work with homeowners in Boston to find solutions to foreclosure problems.

We will let you know what kind of assistance we can provide.


If you have to sell a home near Boston, we can help you. We buy homes in Boston, Massachusetts like yours fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or visit our site so we can buy your Boston, Massachusetts home for cash-!

We’re glad to help you discover answers to your hardest questions about the Boston housing market, so please contact 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 -See how we buy properties fast!

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We buy homes within 40 miles of the following zip codes: 02108, 02109, 02110, 02111, 02113, 02114, 02115, 02116, 02118, 02119, 02120, 02121, 02122, 02124, 02125, 02126, 02127, 02128, 02129, 02130, 02131, 02132, 02134, 02135, 02136, 02199, 02205, 02210, 02215.


Do you need to find more extremely high ROI investment properties… visit our investor website or give us a call anytime at 888-509-6267 Ext 3

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Trying to find a rent to own Property… have a look at our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

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