I do not want to lose my house. I’m behind on a number of house payments, can I keep my Atlanta property?

Increase Your Credit Score, Make Your Mortgage Payments, & Prevent Foreclosure!

 stop foreclosure in Atlanta , Georgia

 

Late on house loan? Prevent foreclosure on your Atlanta property by reading this succinct write-up.

When you get behind on your mortgage payments on your Atlanta, Georgia home, it can feel like you’re drowning in debt.

Bringing your Past-Due mortgage loan balance current can seem near impossible, especially when you don’t even know if you are going to be able to make this months mortgage payment.

There are a few options that can help you to avoid foreclosure in Atlanta and maybe even keep your house, even if you’re seriously behind in mortgage payments. So many Atlanta, Georgia properties have been lost via foreclosure, but there are several ways to avoid it.

1. Chapter 11

This is typically the tool of last resort. If you are being crushed by a load of debt, bankruptcy can be a great way to negotiate with lots of creditors at once. It’s a complex 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. Get the best professional help you can afford if you are filing bankruptcy.

2. Reaffirm

This can be a good card to play, but it may come with some unseen penalties. 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. Making Home Affordable (MHA)

You might be able to participate in the MHA program if your bank loan qualifies. 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 home loan payments suspended or reduced if you are unemployed.

MHA is a government program, so be prepared to deal with lots of paperwork. It ain’t free money, you gotta work for it.

4. Bargain with your bank

Lots of lenders routinely 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 payments.

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 brief reprieve from bank loan payments then this could work. But… just be aware that ordinarily by the time that you’re several payments behind you won’t qualify for a lower interest rate which is where the long term mortgage savings are.

Brutal. That is 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. No matter what happens, do not be rude. Try not to come across as desperate, but try to get as much help from anyone in a position to help as possible. Explain your situation, offer supporting documents, and reassure the lender that you want to live in your house for the long term.

Here is some insight on a little known fact. Mortgage lenders aren’t in the real estate business they are in the money lending business. They do not want to become landlords. They want you to keep your property, so you can keep paying them. Making themselves whole. Pretty much if you have only missed a couple of payments, sometimes your bank will just add the sum of your missed payments back onto your balance. In the long run, your lenders will more than 2x their outlay, so just ask and they’ll want to make it work with you. The last thing that the loan providers want to do is foreclose because they would miss out on a lot of money. If you’ll meet them halfway they will make it work with you.

That sounds obvious, but for some reason lenders frequently forget it when saying no to a homeowner in crisis.

5. Contact a local Atlanta investor

We will buy your property in Atlanta if you are behind on your payments, and need to sell your Atlanta, Georgia home. In certain instances, we may even be able to help you stay in your house.

Glymph Properties work with Georgia property owners to find solutions to prevent foreclosure.

Don’t worry. Give us a call. We will let you know if we can help or not.

 

If you must get rid of a house near 30319, we should be able to help you. We buy homes in Atlanta, Georgia like yours quickly.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here so we can buy your Atlanta, Georgia home for cash- www.GPBuyshomes.com!

Our company is delighted to help you uncover answers to your toughest questions regarding selling a house very quick in Atlanta, so please contact us at 888-509-6267 Ext 4 and chat with us whenever.

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

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

Check out our articles to educate sellers!

www.gpbuyshomes.com/blog

We buy properties near: 30301, 30303, 30304, 30305, 30306, 30307, 30308, 30309, 30310, 30311, 30312, 30313, 30314, 30315, 30316, 30317, 30318, 30324, 30325, 30326, 30327, 30331, 30334, 30336, 30345, 30354, 30363, 30369, 39901.

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Looking for help to find more extremely high ROI investment properties or land… visit our investor website or give us a call anytime at 888-509-6267 Ext 3

Visit our investor website

Free investor resources!

www.gpsellshomes.com/blog

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Trying to find a rent to own home… go to our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

Visit our rent-to-own website

Check out our rent-to-own articles to prepare renters looking to buy!

www.gprent2own.com/blog

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