Close to Foreclosure in Baltimore… The most beneficial secrets to prevent it!

I Own A Home In Baltimore And Owe On My Mortgage, But I Want To Get Rid Of It!

 Avoid foreclosure Baltimore


Not just paying the most recent payment, then you have to worry about playing catch-up on the payments you’ve missed and the fees… It can be discouraging.

If you are in Baltimore, Maryland and behind on a few mortgage loan payments, there are a few things you can do to avoid foreclosure. So many Baltimore, Maryland homes have been stolen via foreclosure, but there are several ways to avoid it.

1. Personal bankruptcy

Most see bankruptcy as the absolute last option. Bills piling up. You feel like you’re being crushed. Bankruptcy would allow you to lift that burden all at once versus having to negotiate with each lender one on one. It’s a bunch of work, and it won’t help you avoid your mortgage loan. Your mortgage creditor may handle the process completely different than someone else’s creditor. So there is no way Glymph Properties could provide anyone with the exact steps. You would benefit from serious professional help, the best you can afford.

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

This can be a good card to play, but it may come with some unforeseen consequences. If you reaffirm your commitment to make your bank loan payments, you have to make your payments. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned off.

3. MHA Program

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.

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 house loan payments temporarily suspended or reduced.

Like with anything having to deal with the government MHA is a government program so there’s a ton of paperwork. It’s free money, but you’ll have to jump through some hoops to get it.

4. Hammer out a deal

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 temporarily stop your home loan payments.

The most common approach the lenders will take is to have you refinance, but just as an FYI, by the time you are a few payments behind you probably won’t qualify for an interest rate reduction.

You have to work really hard to negotiate with a bank. Patience. Tenacity. Self-discipline. You have to have them all in order to get through all the red tape. Never, ever act rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain the situation, offer supporting documents, and reassure the lender that you want to live in your property for the long term.

If there’s no way “on heaven or earth” you could be forced to leave your property, then take solace in the fact that most lenders can be amenable. Sometimes they’ll be open to adding a few months of house loan payments back onto the primary balance of your loan. It is all about the income with your loan provider. Request their help so that you can send them what you owe. They will not need to be reminded that they will end up making 100 % on the money they lent you.. The last thing that the mortgage lenders want to do is take your property because they’d lose a lot of money. If you’ll meet them halfway they will make it work with you.

If a lender can say no to someone like you who needs their help, then realistically they have overlooked how their industry turns a profit and just need a little help remembering.

5. Sell to an investor

We will buy your Baltimore, Maryland property if you’re behind on your payments, and need to sell your Baltimore property. Depending on your situation, if you would like we may even be able to help you stay in your Baltimore, Maryland property.

Glymph Properties work with Baltimore, Maryland property owners to find solutions to prevent pre-foreclosure.

Give us a call and we’ll see what we can do for you!


If you need to sell a home near Baltimore, Maryland, we should be able to help you. We buy Maryland properties like yours quickly.

Give us a call anytime 888-509-6267 Ext 4 or fill out the form here so that we can buy your Baltimore house for cash-!

We are delighted to help you discover answers to your hardest questions regarding Baltimore real estate, so please feel free to contact us at 888-509-6267 Ext 4 and chat with us anytime.

Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Reasonable Cash Offer -See how we buy propertys fast!

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We buy properties in: 21201, 21202, 21205, 21206, 21210, 21211, 21212, 21213, 21214, 21215, 21216, 21217, 21218, 21223, 21224, 21226, 21229, 21230, 21231, 21239.


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