Help Save My Property! I am severely behind on my Baltimore house loan.

Missed One Or Two Payments On My Baltimore Property – I Seriously Want Help!

 cash for houses Baltimore , Maryland

Sell A “OK” Baltimore Property Fast!

Missed several house loan payments? Contrary to popular belief… you can prevent foreclosure in Baltimore even with several late property payments.

Missed several bank loan payments on my property in Baltimore. ” It feels like the sky is falling on me.”

Bringing your Past-Due house loan balance current can seem almost impossible, especially when you don’t even know if you are going to be able to make this months payment.

If you are in Baltimore, Maryland and behind on a few 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 numerous ways to avoid it.

1. Chapter 11

Most see bankruptcy as the absolute last option. If you are being crushed by a load of debt, bankruptcy can be a great way to negotiate with lots of lenders at once. It won’t make your house loan vanish entirely, but it will put you on a path to eventually walk away. You wouldn’t come out unscathed, but you will survive. Every creditor has its own process that it follows for bankruptcies. You would benefit from serious professional help, the best you can afford.

2. Reaffirm

This can be a good card to play, but it may come with some unseen penalties. If you reaffirm your commitment to make your house 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 loan 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 house 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.

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 are going to have to jump through some hoops to get 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 mortgage loan payment.

Most of the time, lenders will want to steer you to refinance your loan, but by the time you are a few payments behind, you probably do not qualify for a cut in your interest rate.

Negotiating with the bank is like running a marathon, after a marathon, after a decathlon, after an iron man. You have to be relentlessly persistent. Your pride kind of has to go out the window. You’re going to have to call, call again and again and again, fax, and email. When you feel fed up and think ” they are not trying to help me” you’re going to have to swallow It and call again. Don’t sabotage yourself by being rude or obnoxious. Try not to come across as desperate, but try to get as much help from anyone in a position to help as possible. don’t 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.

Here is some insight on a little known reality. Banks and lenders are not in the real estate business they are in the money lending business. They don’t want to be stuck with a house that they’re not properly equipped to handle. They want you to keep your house, so you can continue paying them. If you only missed several payments, and want to keep your home, then sometimes the lender will just add the missed house loan payments back onto your loan. Overall your loan providers will more than double their cash outlay, so just talk to them and they’ll want to work it out with you. Banks aren’t in the business of losing money, so they are very reluctant to foreclose on your property… they’d end up taking a tremendous loss. They do not want to do it.

That sounds obvious, but for some reason mortgage lenders frequently forget it when saying no to a homeowner in need of a little leeway.

5. Increase your credit score and sell your property quickly

If you’re behind in your payments and need to sell fast, we will buy it. If you do not want to sell but just need a little help, in some circumstances we can assist you.

Glymph Properties work with Maryland house owners to find solutions to foreclosure problems.

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

 

If you have to sell a house near 21215, we should be able to help you. We buy Maryland homes like yours quickly.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or explore our website today- http://www.GPBuyshomes.com!

Our company is very happy to help you uncover answers to your most challenging questions about the Baltimore housing market, so please feel free to 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 Good Cash Offer

Check Out Our Website -See how we buy houses fast!

Free seller resources!

www.gpbuyshomes.com/blog

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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Are you looking to find more high ROI investment properties or land… check out our investor website or give us a call anytime at 888-509-6267 Ext 3

Visit our investor website

Free investor resources!

www.gpsellshomes.com/blog

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Are you looking for a rent to own home… go to our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

See Glymph Properties Rent-To-Own Properties

Check out our rent-to-own blog!

www.gprent2own.com/blog

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