I got a ton of past due notices. I want to keep my Lincoln family home. Is there anything I can do?

Help, I’m behind on my bank loan payments in Lincoln!

 Stop Foreclosure Lincoln

No More Problems! Glymph Properties Buys Houses in Lincoln, Nebraska

Missed several bank loan payments? Missed a few payments and need a few strategies to prevent and avoid foreclosure on your Lincoln house then look over this article.

Missed several house loan payments on my home in Lincoln, Nebraska. ” It feels like the sky is falling on me.”

Bringing your Past-Due house 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 home loan payment.

If you are in Lincoln, Nebraska and behind on a few payments, there are a few things you can do to avoid foreclosure. So many Lincoln properties have been lost via foreclosure, but there are several ways to avoid it.

1. Chapter 11

No one really wants to file for bankruptcy. If you’re being crushed by a load of debt, bankruptcy can be an easy way to negotiate with lots of creditors at once. It is a considerable amount of work, and it will not help you avoid your house loan. Every lender has its own process that it follows for bankruptcies. You would benefit from serious professional help- the best you can afford.

2. Reaffirm

Doing so can buy you more time, but may come with more penalties. If you reaffirm your commitment to make your bank loan payments, you have to make your payments. 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 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’s up to their discretion whether or not they participate in the MHA program.

If your house is underwater, and you are accepted into the MHA program then your principal balance can be lowered as well as your interest rate. 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 is a ton of paperwork. This “free” money is not completely free… you’ll have to pay for it with your time and energy.

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.

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

Brutal. That is the best word to describe the typical experience most people have when negotiating with their mortgage lender. Patience. Tenacity. Conviction. You have to have them all in order to get through all the red tape. Don’t sink your own ship by being 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 bank that you want to live in your property for the long term.

If you’re in need of a short-term fix and want to stay in your property, a good number of banks can be forgiving. If you only missed a few payments, and want to keep your house, then sometimes the mortgage company will just add the missed mortgage loan payments back onto your loan. In the long run, your loan providers will more than 2x their outlay, so just talk to them and they will want to work it out with you. Banks are not in the habit of taking a loss, so they are remarkably reluctant to foreclose on your home… they’d end up taking an incredible loss. They really do not want to do it.

If a lender can say no to someone like you who needs their help, then obviously they’ve overlooked how their industry turns a profit and just need a little help remembering.

5. Sell to an investor

We can help if you are behind on your payments, and need to sell your Lincoln home. Depending on your circumstances, if you would like we may even be able to help you stay in your Lincoln, Nebraska house.

Glymph Properties work with house owners in Lincoln to find solutions to foreclosure problems.

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

 

If you have to sell a home near Lincoln, we can help you. We buy homes in Nebraska like yours fast.

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

Glymph Properties is very happy to help you get answers to your hardest questions regarding selling a property very easily in Lincoln, so please call us 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 Reasonable Cash Offer

Visit our website -See how it works

Check out our blog!

www.gpbuyshomes.com/blog

We buy properties in: 68430, 68501, 68502, 68503, 68504, 68505, 68506, 68507, 68508, 68510, 68512, 68514, 68516, 68517, 68521, 68522, 68524, 68526, 68527, 68528, 68532.

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Do you need to find more extremely high ROI properties to invest in… go to 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

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Trying to find a rent to own home… visit our rent-to-own website or give Glymph Properties a ring 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

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