I am really behind on my home loan payments. Is there a way to keep my Baton Rouge, Louisiana property?

Behind On My Home Loan, But I Seriously Want To Sell My Home. Are There Any Local Baton Rouge, Louisiana Investors That Can Help Me!

 stop foreclosure now in Baton Rouge

Got 2 Offers On My Property in Baton Rouge, Louisiana In Literally Hours!

Late on house loan? Late on your mortgage…Read this article for a number of tips on what you can do to prevent and prevent foreclosure.

Missed a few bank loan payments on my house in Baton Rouge. ” Honestly, it feels like I can’t breathe.”

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

Late on a few home bank loan payments on your Baton Rouge home but want to avoid foreclosure…. there are a few things you can do to prevent it. A lot of houses in Baton Rouge have been lost to foreclosure, but there are numerous ways to avoid it.

1. Bankruptcy

No one really wants to file for bankruptcy. If you are being crushed by lots of debt, bankruptcy can be an easy way to negotiate with lots of creditors at once. It will not make your mortgage loan evaporate, but it will put you on a path to eventually walk away. You will not come out unscathed, but you will survive. Different lenders will treat your situation in different ways. 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 unforeseen consequences. If you reaffirm your commitment to make your payments, you have to make your payments. If your Baton Rouge property is auctioned off, an affirmation could cause extra responsibilities.

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.

With MHA, your mortgage loan payments and/or interest rates might be lowered even the principal balance (if your property is worth less than you owe). If you’re unemployed, you might be able to get your payments temporarily suspended or reduced.

MHA is a government program, so be prepared to deal with lots of paperwork. It is free money, but you are going to have to jump through some hoops to get it.

4. Hammer out a deal

Lots of lenders routinely offer some level of assistance. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your house 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 mortgage loan 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. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. Do not sabotage yourself by being rude. Try not to come across as entitled, 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 home because you plan on living there long term.

Let me let you in on a little realized fact. Lenders and banks are not in the real estate business they are in the mortgage origination business. They do not want to be saddled with a property that they’re not properly equipped to handle. They do not want you to lose your property, so you can continue paying them. Making themselves whole. Basically, if you’ve only missed a handful of payments, sometimes your loan company will just add the sum of your missed payments back onto your balance. Your home loan balance is practically nothing to them. Not even a grain of sand in the Sahara. Point out that you need a little patience, and that at the end they will end up earning a lot more money in the end.. If they have to sell your house at an auction, they’ll end up taking an enormous loss.

The logic is sound and based on facts, but lenders routinely get stuck in the passion of the circumstance and forget that. Remind them.

5. Sell to an investor

If you’re behind in your bank loan payments and want to sell fast, we can help. In specific situations, we may even be able to help you stay in your house.

We work with homeowners in Baton Rouge, Louisiana to find solutions to prevent foreclosure.

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

 

If you have to get rid of a house near Baton Rouge, Louisiana, we can help you. We buy Louisiana houses like yours extremely fast.

Give us a call anytime 888-509-6267 Ext 4 or take a look at our site today- www.GPBuyshomes.com!

Our company is delighted to help you uncover answers to your most difficult questions about Baton Rouge, Louisiana property, so please give us a ring 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 Fast, Reasonable Cash Offer

www.gpbuyshomes.com/sell-my-house-fast-baton-rouge -See how we buy houses fast!

Free seller resources!

www.gpbuyshomes.com/blog

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

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

See how investing works with Glymph Properties

Check out our investment blog!

www.gpsellshomes.com/blog

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Trying to find a rent to own Property… pay a visit to our rent-to-own website or give Glymph Properties a call 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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