Five Options to Avoid Foreclosure in St. Louis

Missed A Couple Of Payments On My St. Louis, Missouri House – I Want Help!

 Stop Foreclosure St. Louis , Missouri

Must Sell My St. Louis House Very Quick

Missed a few mortgage payments? Whether you believe it or not… you can prevent foreclosure in St. Louis even with a couple of late home payments.

Missed a handful of mortgage loan payments on my property in St. Louis, Missouri. ” Honestly, it feels like the hyenas are circling.”

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

If you are in St. Louis and behind on a few mortgage loan payments, there are a few things you can do to avoid foreclosure. So many St. Louis, Missouri properties have been swiped via foreclosure, but there are several ways to avoid it.

1. Bankruptcy

Most people see bankruptcy as the very last option. However, negotiating with all of your lenders at once will reduce a ton of stress. It won’t make your bank loan evaporate, but it will put you on a path to eventually walk away. You are not going to come out unscathed, but you will survive. Different creditors will treat your circumstances in different ways. 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. If you reaffirm your commitment to make your house loan payments, you have to make your payments. If your St. Louis, Missouri property is auctioned, an affirmation could cause extra responsibilities.

3. Making House Affordable (MHA)

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’re aware MHA is a government program. It isn’t free money, you gotta work for it.

4. Negotiate with your bank

Lots of lenders routinely 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 house loan payment.

If there is even the slightest chance that lenders can make money from your situation they may steer you towards refinancing. If you can afford it, and all you’re looking for is a temporary break from home 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 loan savings are.

Brutal. That is the best word to describe the typical experience most people have when negotiating with their bank. Usually, it takes lots of calls and the patience to watch paint dry to get through the bureaucracy. Don’t sabotage yourself by being impolite. It’s a balancing act. Ask for help from anyone in a position to help, but don’t act entitled. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you’re in need of a temporary fix and want to stay in your home, virtually all lenders can be understanding. Sometimes they’ll be willing to add a couple of months of house loan payments back onto the balance of your loan. It’s all dollars and cents to them, so remind them that you need their help to give them much more cash in the long haul. If they have to sell your house at an auction, they’ll take an enormous loss.

The logic is sound and based on facts, but occasionally the bankers get stuck in the passion of the circumstances and disregard that. Remind them.

5. Get a loan from a private investor

If you are behind in your home loan payments and really want to sell fast, we can buy it. Depending on your circumstances, if you would like we may even be able to help you stay in your St. Louis home.

Glymph Properties work with house owners in St. Louis, Missouri to find solutions to home loan problems.

Do not be anxious. Give us a call. We’ll let you know if we can help or not.


If you must get rid of a property near 63106, we can help you. We buy homes in Missouri like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or take a look at our site so we can buy your St. Louis property for cash-!

Our company is glad to help you discover answers to your toughest questions concerning selling a house very fast in St. Louis, so please contact us at 888-509-6267 Ext 4 and chat with us at any time.

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

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We are interested in purchasing houses in: 63101, 63102, 63103, 63104, 63106, 63107, 63108, 63109, 63110, 63111, 63112, 63113, 63115, 63116, 63118, 63120, 63139, 63147.


Looking for help to find more extremely high ROI investment properties… pay a visit to our investor website or give us a ring anytime at 888-509-6267 Ext 3

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Are you looking for a rent to own property… head over to our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5 St. Louis

Head over to our rent-to-own articles to prepare renters looking to buy!


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