Help Me Out! I am behind on my mortgage loan payments in Indianapolis, Indiana

Behind On My Mortgage Loan, But I Really Need To Sell My House. Are There Any Local Indianapolis Investors That Can Help Me!

Behind on mortgage loan?

Behind on your bank loan…Browse through this blog for several strategies on what you can do to prevent and avoid foreclosure.

Being late on your property bank loan is like wading in the deep end of the pool, then having someone saunter over to the edge of the swimming pool and throwing an anvil with ” Indianapolis foreclosure” printed on it at your head.

Despite the fact that you are able to pay your bank loan payment, catching up on a delinquent balance can be an overpowering challenge.

There are a few choices that can help you to avoid foreclosure in Indianapolis and maybe even keep your house, even if you’re seriously behind on mortgage loan payments. A whole lot of properties in Indianapolis have been lost to foreclosure, but there are various ways to avoid it.

1. Personal bankruptcy

Normally, this is the last thing you want to do. However, negotiating with all of your creditors at once will reduce a ton of stress. It is a bunch of work, and it will not help you avoid your home loan. Every lender has its own process that it follows for bankruptcies. If you are considering bankruptcy, our advice would be to get professional help.

2. Reaffirm

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen problems. If you reaffirm your commitment to make your home 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.

3. Making Home 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’s up to their discretion whether or not they participate in the MHA program.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. You might be able to get your mortgage loan payments suspended or reduced if you are unemployed.

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. Bargain with your bank

Lots of lenders routinely offer some level of assistance. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your mortgage payments. It’s in the realm of possibilities if you work hard and negotiate with your lender.

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 house loan 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 bank loan savings are.

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their mortgage lender. Patience. Tenacity. Self-discipline. You have to have them all in order to get through all the red tape. Never, ever be rude. It truly is a balancing act. Ask for help from anyone in a position to help, but do not be irritating. 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’re in need of a temporary fix and want to stay in your property, the majority of banks can be understanding. If you only missed a couple of payments, and want to keep your property, then sometimes the lender will just add the missed payments back onto your loan. Your mortgage balance is pennies to them. Not even a grain of sand in the Gobi Desert. Let them know that you need a little help and that ultimately they’ll end up earning a lot more money in the end.. If they have to sell your property at a foreclosure auction, they will end up incurring an enormous loss.

You’d probably think that this is common sense, but mortgage lenders routinely get caught up in the passion of the circumstances and forget about that. Simply put…Help remind them.

5. Get a loan from a private investor

Glymph Properties will buy your Indianapolis, Indiana property if you are behind on your payments, and need to sell your Indianapolis home. In specific situations, we may even be able to help you stay in your property.

We work with homeowners in Indianapolis, Indiana to find solutions to prevent pre-foreclosure.

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


If you really need to get rid of a property near Indianapolis , we can help you. We buy homes in Indianapolis , Indiana 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 Indianapolis home for cash-!

Glymph Properties is happy to help you get answers to your most challenging questions regarding Indianapolis property, 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 it works

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

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Are you searching for a rent to own property or house… take 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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