I am really behind on my house loan payments. Can I sell my New Orleans home?

Behind On My house loan, But I Really Need To Sell My House. Are There Any Local New Orleans, Louisiana Companies That Can Help Me!

 house buyers New Orleans

Get Your New Orleans, Louisiana House – Sold Today!

Missed a handful of bank loan payments? Missed a few payments and need a few tips to prevent and avoid foreclosure on your New Orleans property then read this article.

Falling behind on your property house loan is like treading water in the middle of the Atlantic ocean while being circled by sharks, having a person In the only life raft on the face of the planet throw a boulder with ” New Orleans foreclosure” printed on it at your head.

Not just making the most recent payment, then you have to worry about playing catch-up on the house loan payments you have missed and the fees… It can be complicated.

Missed a few home payments on your New Orleans, Louisiana house but want to avoid foreclosure…. there are a few things you can do to prevent it. Quite a lot of homes in New Orleans have been lost to foreclosure, but there are a number of ways to avoid it.

1. Chapter 13

This is normally the tool of last resort. However, negotiating with all of your creditors at once will relieve a ton of stress. It’s a ton of work, and it won’t help you avoid your house loan. 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

Doing so can buy you more time, but may come with more fines. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned off.

3. MHA Program

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.

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.

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

4. Negotiate

Most lenders offer some level of assistance. It’s going to be tough and take a lot of work… but you may be able to get your interest rate reduced and/or temporarily reduce or temporarily stop your mortgage loan payments.

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

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their mortgage lender. Patience. Tenacity. Strength of mind. You have to have them all in order to get through all the red tape. Regardless of how frustrated you become never be rude. Try not to come across as frantic, but try to get as much help from anyone in a position to help as possible. Explain the situation, offer supporting documents, and reassure the bank that you want to live in your house for the long term.

If you seriously want to stay in your New Orleans property and make amends with the bank, just let them know. Your loan company is exceptionally forgiving as long as you’re willing to work with them. Playing catch up. Basically, if you’ve only missed several payments, sometimes your bank will just tally your missed payments back onto your balance. Your home loan balance is practically nothing to them. Not even a drop in the ocean. Point out that you need patience, and that when it’s all said and done they’ll end up getting a lot more cash in the future. Taking a tremendous loss is not on the agenda for the loan providers. They do not want to foreclose on you because they know that if they put in the effort to come to terms with you they will earn a big profit in the end.

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

5. Sell to an investor

Glymph Properties will buy your home in New Orleans if you’re behind on your payments and need to sell your New Orleans home. If you do not want to sell but just need a little breathing room, in some instances we can assist you.

Glymph Properties work with New Orleans, Louisiana homeowners to find solutions to mortgage problems.

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

 

If you must get rid of a home near New Orleans, Louisiana, we can help you. We buy New Orleans, Louisiana properties like yours extremely fast.

Give us a call anytime 888-509-6267 Ext 4 or fill out the form here today- http://www.GPBuyshomes.com!

We’re delighted to help you get answers to your toughest questions about selling a home incredibly quick in New Orleans, so please feel free to give us a ring 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 Good Cash Offer

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

Free seller resources!

www.gpbuyshomes.com/blog

We buy houses near: 70112, 70113, 70114, 70115, 70116, 70117, 70118, 70119, 70122, 70124, 70125, 70126, 70127, 70128, 70129, 70130, 70131.

***********************************************************************************************************************

Looking to find other extremely high ROI properties to invest in… take a look at our investor website or give us a call anytime at 888-509-6267 Ext 3

See how investing works with Glymph Properties

Free investor resources!

www.gpsellshomes.com/blog

***********************************************************************************************************************

Searching for a rent to own property or property… stop by 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

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

www.gprent2own.com/blog

***********************************************************************************************************************

If you’re looking to sell a home…You probably discovered our site because you Googled one or more of the following keywords:best ranked home buyers New Orleans – we buy houses, New Orleans, – stop foreclosure 70123 – home buyers 70123– avoid foreclosure New Orleans – cash for my house New Orleans, Louisiana – stop foreclosure now 70123 – stop foreclosure fast New Orleans – selling a house in probate New Orleans, Louisiana – stop my foreclosure New Orleans, Louisiana save me from foreclosure New Orleans, Louisiana – preforeclosure New Orleans

***********************************************************************************************************************

If you know someone looking to buy a house…You may have discovered our terrific little website because you Googled one or more of the following key phrases:reo properties New Orleans – bank owned properties 70123 – reo real estate New Orleans , Louisiana – foreclosure properties 70123 – foreclosure deals New Orleans , Louisiana – cheap properties New Orleans , Louisiana – discount properties 70123 – cash flow properties New Orleans – high roi properties in New Orleans high roi investments in New Orleans – cash houses in 70123 – discount real estate New Orleans , Louisiana – cash homes in New Orleans

***********************************************************************************************************************

If you know anyone looking for a rent 2 own property…You more than likely discovered this amazing little article because you searched online for one of the following words and phrases: for rent by owner 70123 – homes for rent by owner New Orleans , Louisiana – real estate listings New Orleans , Louisiana – rent to own houses New Orleans – rent to own homes in 70123houses rent to own New Orleans , Louisiana – houses for rent to own New Orleans , Louisiana – lease to own 70123lease option New Orleans – seller finance New Orleans –

***********************************************************************************************************************

If you’re looking for an incredible investment opportunity… You probably stumbled upon our blog because you Googled one of the following terms:hard money lending 70123 – private money lending 70123 – trust deed investments New Orleans private mortgage lending 70123 self directed ira for real estate 70123 – private money lending guide 70123 – invest in real estate with ira New Orleans – become a hard money lender New Orleans , Louisiana how to loan money 70123 how to hard money lend New Orleans invest money 70123

***********************************************************************************************************************

Learn more about Louisiana real estate from Trulia-https://www.trulia.com/city/LA/

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on selling your house below. Like us, follow us, connect!

, , , , , , , , , , , , , , , , , , , ,

No comments yet.

Leave a Reply