I am really behind on my bank loan payments. How do I sell my Phoenix home?

Help, I am behind in my mortgage loan payments in Phoenix!

 stop foreclosure now 85007

Get Your House in Phoenix – Sold In Minutes!

Late on bank loan? Prevent foreclosure on your Phoenix, Arizona home by reading this blog.

Missed several mortgage loan payments on my home in Phoenix. ” It feels like the sky is falling on me.”

Even in the event, you can make your monthly home loan payment, catching up on an overdue balance can be an over-bearing challenge.

There are a few choices that can help you to avoid foreclosure in Phoenix, Arizona and maybe even keep your house, even if you are seriously behind on payments. So many Phoenix, Arizona homes have been swiped via foreclosure, but there are numerous ways to avoid it.

 

1. Bankruptcy

Most see bankruptcy as the very last option. Debts piling up. You feel like you are being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender individually. It really is a complex process. It will put all your lenders on notice and help you to negotiate a settlement. Your bank loan could be one of those. With that being said… it will leave a permanent mark on your credit history. Every creditor has its own process that it follows for bankruptcies. Get the best professional help you can afford if you are filing bankruptcy.

 

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 problems. If you reaffirm your commitment to make your home loan payments, you have to make your payments. If your Phoenix, Arizona property is auctioned off, an affirmation could cause extra responsibilities.

 

3. Making property Affordable (MHA)

If your house loan qualifies, you might be able to participate in MHA. 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.

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 house loan payments suspended or reduced if you are unemployed.

Be prepared to deal with a lot of paperwork because as I am sure you’re aware MHA is a government program. This “free” money is not completely free… you’ll have to pay for it with your time and energy.

 

4. Negotiate 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 bank loan payments. It’s in the realm of possibilities if you work hard and negotiate with your lender.

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 payments behind you probably won’t qualify for an interest rate reduction.

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their mortgage lender. You have to have enough patience to watch concrete dry to get through all the bureaucracy. Don’t sabotage yourself by being rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your house for the long term.

If this is genuinely a temporary situation and doesn’t want to give up your home, most banks would be willing to work with you. If you only missed several payments, and want to keep your house, then sometimes the mortgage lender will just add the missed house loan payments back onto your loan. It’s all dollars and cents to them, so remind them that you need a little bit of their assistance to give them a significant amount of money over the long haul. Banks aren’t in the business of losing money, so they are very hesitant to foreclose on your property… they’d take a substantial loss. They would really prefer not to do it.

If a banker can say no to someone like you who needs their assistance, then realistically they have forgotten how their business turns profits and just need a little help remembering.

 

5. Sell to a local Phoenix, Arizona investor

We will buy your Arizona property if you are behind on your payments, and need to sell your Phoenix property. Depending on your situation, if you’d like we may even be able to help you stay in your Phoenix, Arizona house.

We work with homeowners in Phoenix, Arizona to find solutions to prevent pre-foreclosure.

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

 

If you must sell a property near 85007, we should be able to help you. We buy Arizona houses like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or fill out the form here so that we can buy your Phoenix, Arizona property for cash- http://www.GPBuyshomes.com!

We are glad to help you get answers to your most challenging questions concerning Phoenix real-estate, so please feel free to get in touch with us 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 Fair Cash Offer

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

Free seller resources!

www.gpbuyshomes.com/blog

We buy real estate near: 85003, 85004, 85006, 85007, 85008, 85009, 85012, 85013, 85014, 85015, 85017, 85019, 85020, 85021, 85022, 85023, 85024, 85027, 85029, 85032, 85034, 85035, 85040, 85041, 85042, 85043, 85045, 85048, 85050, 85051, 85053, 85054, 85083, 85251, 85254, 85255, 85282.

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Looking for help to find other extremely high ROI properties to invest in… go to our investor website or give us a ring anytime at 888-509-6267 Ext 3

See how investing works with Glymph Properties

Free investor resources!

www.gpsellshomes.com/blog

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

www.gprent2own.com/rent-to-own- Phoenix

Visit our rent-to-own blog!

www.gprent2own.com/blog

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