I actually want assistance! Behind on my own mortgage on my Baton Rouge, Louisiana home.

Behind On My Mortgage Loan, But I Seriously Want To Sell My Property. Can You Recommend Any Local Baton Rouge, Louisiana Investors That Can Help Me!

 selling a house in probate Baton Rouge

I Need To Sell My Baton Rouge Property Very Fast

Behind on home loan? Surprisingly… you can prevent foreclosure in Baton Rouge even with a lot of late home payments.

Being late on your home bank loan is like treading water in the middle of the Pacific ocean while being circled by sharks, having a person In the only life raft on the face of the planet throw a ton of bricks with ” Baton Rouge foreclosure” printed on it at your head.

Man… not only do you have to pay this month’s bill, but now you have to find a way to play catch-up and it isn’t like life’s bills just stop coming. If anything, when you are behind it just feels like unexpected bills come out of the woodwork.

There are a few choices that can help you to avoid foreclosure in Baton Rouge and maybe even keep your house, even if you are behind in house loan payments. A lot of houses in Baton Rouge, Louisiana have been lost to foreclosure, but there are a lot of ways to avoid it.

1. Chapter 11

Typically, this is the last thing you want to do. Bills 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 will not make your mortgage loan fade away, but it will put you on a path to eventually walk away. You are not going to come out unscathed, but you will survive. Your mortgage creditor may handle the process completely different than someone else’s lender. So there is no way we could provide anyone with the exact steps. You’d 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

Doing so can buy you more time, but may come with more penalties. Basically, reaffirming the loan is an additional commitment to pay. If your Baton Rouge, Louisiana property is auctioned, an affirmation could cause extra responsibilities.

3. MHA Program

You might be able to participate in the MHA program if your bank loan 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.

If your home is underwater, and you are accepted into the MHA program then your principal balance can be lowered as well as your interest rate. If you are unemployed, you might be able to get your home loan payments temporarily suspended or reduced.

Like with anything having to deal with the government MHA is a government program so there is a ton of paperwork. This “free” money isn’t completely free… you’ll have to pay for it with your time and energy.

4. Hammer out a deal

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 will steer you towards refinancing. If you can afford it, and all you’re looking for is a brief reprieve from mortgage 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 home loan savings are.

Brutal. That is the best word to describe the typical experience most people have when negotiating with their mortgage lender. Persistence. Tenacity. Determination. You have to have them all in order to get through all the red tape. Regardless of how frustrated you become never be rude. It truly is a balancing act. Ask for help from anyone in a position to help, but do not be irritating. Explain the situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you sincerely want to stay in your home and make “nice” with the bank, just tell them. Your loan provider is exceptionally flexible as long as you’re willing to work with them. Making themselves whole. Pretty much if you’ve only missed a small number of payments, sometimes your bank will just add the sum of your missed payments back onto your balance. It’s all dollars and cents to them, so remind them that you need a little bit of their assistance to give them much more cash over the long haul. The last thing they want to do is take your property because they’d lose a heap of money. If you will meet them 1/2 way they’ll make it work with you.

The logic is sound and based on facts, but occasionally the bankers get caught in the emotion of the issue and overlook that. Remind them.

5. Sell to a local zip code investor

If you are behind in your home loan payments and really want to sell fast, we can buy it. If you do not want to go into foreclosure but just need a little help, in some cases Glymph Properties can help you.

Glymph Properties work with Baton Rouge property owners to find solutions to prevent pre-foreclosure.

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

 

If you have to sell a property near Baton Rouge, Louisiana, we should be able to help you. We buy Louisiana 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 Baton Rouge house for cash- www.GPBuyshomes.com!

We are happy to help you discover answers to your most challenging questions regarding the Baton Rouge, Louisiana housing market, so please call us at 888-509-6267 Ext 4 and chat with us 24/7/365.

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

Visit our website -See how it works

Check out our articles to educate sellers!

www.gpbuyshomes.com/blog

We buy real estate in: 70801, 70802, 70805, 70806, 70807, 70808, 70809, 70814, 70815, 70816, 70819, 70820, 70827, 70891.

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Do you need to find other high ROI investment properties… visit our investor website or give us a call anytime at 888-509-6267 Ext 3

www.gpsellshomes.com/investment-properties- Baton Rouge

Check out our investment blog!

www.gpsellshomes.com/blog

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Looking for a rent to own Property… explore our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5

See Glymph Properties Rent-To-Own Properties

Have a look at our rent-to-own blog!

www.gprent2own.com/blog

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