I don’t want to lose my home. I am behind on many home payments, can I keep my St. Petersburg home?

Missed Several Bank Payments On My St. Petersburg House – I Seriously Want Help!

 Sell a house for cash in 33706

Sell My “Plain Jane” House in Florida Fast!

Missed a handful of house loan payments? Late on your bank loan…Read through this post for a few recommendations on what you can do to prevent and prevent foreclosure.

Sinking. Hopeless. Bombarded. Done. Daunting. That is how everyone feels if you get behind on your house loan in a city like St. Petersburg, Florida.

Bringing your Past-Due home loan balance current can seem to be impossible, especially when you do not even know if you are going to be able to make this months house loan payment.

Late on a few house mortgage payments on your St. Petersburg, Florida property but want to avoid foreclosure…. there are a few things you can do to prevent it. So many St. Petersburg, Florida properties have been taken via foreclosure, but there are numerous ways to avoid it.

1. Bankruptcy

Most see bankruptcy as the very last option. Bills piling up. You feel like you’re being crushed. Bankruptcy would allow you to lift that burden all at once versus having to negotiate with each lender individually. It is a lot of work, and it will not help you avoid your home loan. Every creditor has its own process that it follows for bankruptcies. You would benefit from serious professional help, the best you can afford.

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.

3. MHA Program

If your house 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. 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 am sure you are aware MHA is a government program. It isn’t free money, you gotta work for it.

4. Hammer out a deal with your bank

Call your lender. You’ll learn that nearly all of them have some sort of assistance for this very issue. 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 bank loan payments.

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

You have to work diligently to negotiate with a bank. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. No matter what happens, don’t be rude. Try not to come across as anxious, 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 you are in need of a short-term fix and want to stay in your house, almost all lenders can be forgiving. Sometimes they will be open to adding several months of house loan payments back onto the balance of your loan. It’s all about the dollars with your mortgage lender. Request their assistance so that you can pay them what you owe them. They will not need to be reminded that they’ll end up earning 100 % on the money they lent you. If they need to sell your house at an auction, they’ll take a huge loss.

You would think that this is common sense, but bankers routinely get stuck in the passion of the issue and overlook that. Remind them.

5. Give up & Sell to an investor 

If you’re behind in your payments and really need to sell fast, Glymph Properties can buy it. Depending on your circumstances, if you would like we may even be able to help you stay in your St. Petersburg, Florida house.

Glymph Properties work with St. Petersburg homeowners to find solutions to foreclosure problems.

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


If you need to sell a home near St. Petersburg, we should be able to help you. We buy St.Petersburg,, Florida properties like yours quickly.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or pay a visit to our website so we can buy your St. Petersburg, Florida home for cash- http://www.GPBuyshomes.com!

We’re very happy to help you find answers to your most challenging questions regarding the St. Petersburg real estate market, so please give us a ring at 888-509-6267 Ext 4 and chat with us whenever.

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

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We buy houses in: 33701, 33702, 33703, 33704, 33705, 33710, 33711, 33712, 33713, 33716.


Looking for help to find other high ROI investment properties or land… take a look at our investor website or give us a ring anytime at 888-509-6267 Ext 3

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