Close to Foreclosure in Boise… The best methods to avoid it!

Missed A Couple Of Mortgage Payments On My Boise Property – I Want Assistance!

 Avoid foreclosure now 83709

Late on bank loan?

Surprisingly… you can avoid foreclosure in Boise even with quite a few missed home payments.

Drowning. Despairing. Inundated. Lost cause. Intimidating. That’s how everyone feels if you get behind on your house loan in a city like Boise.

Even if you’re able to make your monthly payment, catching up on an overdue balance can be an overwhelming challenge.

There are a few choices that can help you to avoid foreclosure in Boise, Idaho and maybe even keep your house, even if you are seriously behind in house loan payments. Lots of homes in Boise have been lost to foreclosure, but there are several ways to avoid it.

1. Chapter 7

This is ordinarily the tool of last resort. Debts piling up. You feel like you are being crushed. Bankruptcy would allow you to lift that burden all at once versus having to negotiate with each lender individually. It’s a complicated process. It will put all your creditors on notice and help you to negotiate a settlement. Your mortgage could be one of those. With that being said… it will leave a permanent mark on your credit history. Your mortgage creditor may handle the process completely different than someone else’s lender. So there’s no way we could provide anyone with the exact steps. You’d benefit from serious professional help- the best you can afford.

2. Reaffirm

Doing so can buy you more time, but may come with more penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned off.

3. MHA Program

If your mortgage qualifies, you might be able to participate in MHA. 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.

If your property is underwater, and you are accepted into the MHA program then your principal balance can be lowered as well as your interest rate. Suspended. Reduced. If you are unemployed this is definitely possible.

Be prepared to deal with a lot of paperwork because as I’m sure you are aware MHA is a government program. This “free” money is not completely free… you’ll have to pay for it with your time and energy.

4. Bargain with your bank

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 mortgage loan payment.

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

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 trying to fleece me” you are going to have to swallow It and call again. Do not sink your own ship by being rude. It can be a balancing act. Ask for help from anyone in a position to help, but do not be critical. Reassure the bank that you want to live in your home long term and explain the situation and provide supporting documentation.

If this is truly a short-term situation and doesn’t want to give up your house, most banks would be willing to work with you. Making themselves whole. Essentially if you have only missed a number of payments, sometimes your bank will just tally your missed payments back onto your balance. In time your loan providers will more than 2x their outlay, so just ask and they’ll want to work it out with you. Accepting a big loss is not on the agenda for the loan companies. They do not want to foreclose on you because they know that if they work something out with you they’ll make a big profit in the end.

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

5. Sell to an investor

If you’re behind in your mortgage payments and really want to sell fast, Glymph Properties will buy it. In certain situations, we may even be able to help you stay in your house.

Glymph Properties work with house owners in Boise to find solutions to house loan problems.

Don’t stress. Give us a call. We will let you know if we can help or not.


If you must sell a house near Boise, we can help you. We buy homes in Boise, Idaho like yours extremely fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or check out our site today-!

We are happy to help you get answers to your hardest questions about the Boise real estate market, so please feel free to give us a ring at 888-509-6267 Ext 4 and chat with us whenever.

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

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We buy homes near: 83702, 83703, 83704, 83705, 83706, 83709, 83712, 83713.


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

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