I am really behind on my mortgage loan payments. How do I keep my Louisville, Kentucky home?

In Louisville And Seriously Want Help: I Missed The Last Few Home Loan Payments On My Home!

 stop my foreclosure Louisville, Kentucky

Behind on house loan?

Whether you believe it or not… you can avoid foreclosure in Louisville even with a number of late home payments.

Hell on Earth. We hear stories all the time about the sense of impending doom that swallows homeowners when they fail to pay a couple of house mortgage payments in a city like Louisville that’s known for auctioning people’s properties away.

Besides making the most recent payment, then you have to worry about playing catch-up on the bank loan payments you’ve missed and the fees… It can be overwhelming.

There are a few choices that can help you to avoid foreclosure in Louisville, Kentucky and maybe even keep your house, even if you are seriously behind on mortgage payments. A whole lot of houses in Louisville have been lost to foreclosure, but there are several ways to avoid it.

1. Throwing in the Towel

Ordinarily, this is the last thing you want to do. Debts piling up. You feel like you’re being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender individually. It is a bunch of work, and it won’t help you avoid your bank loan. Different creditors will treat your circumstances in unique ways. 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 can be a good card to play, but it may come with some unforeseen consequences. Basically, reaffirming the loan is an additional commitment to pay. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned off.

3. MHA Program

You might be able to participate in the MHA program if your house 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 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. If you’re unemployed, you might be able to get your mortgage loan payments temporarily suspended or reduced.

Be prepared to deal with a lot of paperwork because as I’m sure you’re aware MHA is a government program. It’s free money, but you will have to jump through some hoops to get it.

4. Talk with your bank

Lots of lenders routinely 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.

If there is even the slightest chance that lenders can make money from your situation they’ll steer you towards refinancing. If you can afford it, and all you are looking for is a temporary break from home 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.

Negotiating with the bank is like running a marathon, after a marathon, after an iron man. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever 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. Reassure the bank that you want to live in your property long term and explain the situation and provide supporting documentation.

If this is really a short-term situation and does not want to give up your home, most banks will be willing to work with you. Making themselves whole. Essentially if you’ve only missed one or two payments, sometimes your bank will just tally your missed payments back onto your balance. It is all about the capital with your mortgage provider. Ask them for their help so that you can pay them what you owe them. They won’t need to be reminded that they’ll end up doubling the money they lent you. Banks are not in the habit of taking a loss, so they are extremely hesitant to foreclose on your house… they’d wind up incurring an enormous loss. They would prefer not to do it.

The logic is sound and based on facts, but occasionally the mortgage lenders get stuck in the emotion of the situation and disregard that. Simply put…Remind them.

5. Sell to a local zip code investor

If you are behind in your mortgage payments and need to sell fast, we will buy it. Depending on your situation, if you’d like we may even be able to help you stay in your Louisville, Kentucky property.

We work with property owners in Louisville to find solutions to prevent pre-foreclosure.

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


If you really need to get rid of a property near 40207, we can help you. We buy homes in Kentucky like yours extremely fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here now- www.GPBuyshomes.com!

We are delighted to help you find answers to your hardest questions concerning the Louisville housing market, so please feel free to get in touch with us at 888-509-6267 Ext 4 and chat with us anytime.

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

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We are interested in obtaining houses in: 40202, 40203, 40204, 40206, 40209, 40212, 40214, 40258, 40272.


Looking for help to find more high ROI investment properties… take a look at 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… go to our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

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

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