I am really behind on my bank loan payments. Can I save my New Orleans property?

I Live In New Orleans And Really Need Help: I Haven’t Paid The Last Few Bank Loan Payments On My Property!

 Sell my home fast 70123

Late on mortgage loan?

Missed several payments and need a few techniques to prevent and avoid foreclosure on a New Orleans, Louisiana home then look over this article.

Missed a few mortgage payments on my house in New Orleans, Louisiana. ” Honestly, it feels like I can’t breathe.”

Bringing your Past-Due mortgage balance current can feel impossible, especially when you do not even know if you are going to be able to make this months mortgage payment.

Skipped a few house mortgage loan payments on your New Orleans house but want to avoid foreclosure…. there are a few things you can do to prevent it. So many New Orleans houses have been lost via foreclosure, but there are several ways to avoid it.

1. Chapter 11

Everyone is concerned about bankruptcy- it could be a very challenging process. If you’re being crushed by lots of debt, bankruptcy can be an excellent way to negotiate with lots of lenders at once. It is 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 an everlasting mark on your credit history. Different creditors will treat your circumstances in different ways. If you are considering bankruptcy, our advice would be to get professional help.

2. Talk to your lenders – let them know you will definitely continue paying your loan as soon as possible

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen issues. Basically, reaffirming the loan is an additional commitment to pay. If your New Orleans property is auctioned off, an affirmation could cause extra responsibilities.

3. MHA Program

You might be able to participate in the MHA program if your home loan qualifies. 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. Suspended. Reduced. If you are unemployed this is definitely possible.

Be prepared to deal with a lot of paperwork because as I am sure you’re aware MHA is a government program. It is not free money, you gotta work for it.

4. Hammer out a deal 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 payment.

The most common approach the lenders will take is to have you refinance, but just as an FYI, by the time you’re a few mortgage loan payments behind you probably won’t qualify for an interest rate reduction.

Negotiating with the bank is like running a marathon, after a marathon, after a decathlon, after an iron man. You have to have enough patience to watch concrete dry to get through all the bureaucracy. No matter what happens, don’t be rude. Ask for help from everyone you speak with, but don’t sound hopeless. 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 home because you plan on living there long term.

If you’re in need of a quick fix and want to keep your house, virtually all lenders can be understanding. If you only missed a couple of payments, and want to keep your house, then sometimes the mortgage lender will just add the missed mortgage loan payments back onto your loan. It is all about the bottom line with them, so remind them that you need their help to give them a ton of money over the long run. The last thing they want to do is take your home because they would lose a load of money. If you will meet them 1/2 way they’ll try to figure something out with you.

You’d probably think that this is common sense, but occasionally the bankers get trapped in the passion of the circumstances and neglect that. Simply put…Help remind them.

5. Contact a New Orleans investor

If you’re behind in your mortgage loan payments and want to sell fast, Glymph Properties will buy it. If you don’t want to sell but just need a little help, in some situations Glymph Properties can assist you.

Glymph Properties work with house owners in New Orleans, Louisiana to find solutions to prevent foreclosure.

Give us a call and we’ll see what we can do for you!


If you need to get rid of a house near 70123, we should be able to help you. We buy homes in Louisiana like yours fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or check-out our web site so that we can buy your New Orleans, Louisiana property for cash- http://www.GPBuyshomes.com!

We’re very happy to help you uncover answers to your toughest questions regarding selling a property incredibly quick in New Orleans, Louisiana, so please give us a ring at 888-509-6267 Ext 4 and chat with us 24/7/365.

Fill out this form or give Glymph Properties a call anytime at 888-509-6267 Ext 4 for a Good Cash Offer

Visit our website -See how we buy houses fast!

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We are interested in acquiring properties in: 70112, 70113, 70114, 70115, 70116, 70117, 70118, 70119, 70122, 70124, 70125, 70126, 70127, 70128, 70129, 70130, 70131.


Looking for help to find more high ROI properties to invest in… head to our investor website or give us a call anytime at 888-509-6267 Ext 3

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Trying to find a rent to own Property… head over to our rent-to-own website or give Glymph Properties a call anytime at 888-509-6267 Ext 5

www.gprent2own.com/rent-to-own- New Orleans

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