I got multiple past due notices. I want to sell my Miami property. Is there anything I can do?

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Get Your Property in Miami, Florida – Sold Now!

Missed several house loan payments? Whether you believe it or not… you can avoid foreclosure in Miami, Florida even with numerous late home payments.

Sinking. Hopeless. Overwhelmed. Fed-up. Challenging. That is how it feels when you get behind on your bank loan in a city like Miami, Florida.

Not only making the most recent payment, then you have to worry about playing catch-up on the payments you’ve missed and the fees… It can be challenging.

If you are in Miami and behind on a few payments, there are a few things you can do to avoid foreclosure. So many Miami houses have been taken via foreclosure, but there are numerous ways to avoid it.

1. Chapter 11

Typically, this is the last thing you want to do. 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 won’t make your mortgage disappear, but it will put you on a path to eventually walk away. You will not come out unscathed, but you will survive. Different lenders will treat your situation 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. If your Miami, Florida property is auctioned, an affirmation could cause extra responsibilities.

3. Making Home Affordable (MHA)

You might be able to participate in the MHA program if your home 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.

If your property is underwater, and you are accepted into the MHA program then your principal balance can be lowered as well as your interest rate. You might be able to get your bank loan payments suspended or reduced if you are unemployed.

Be prepared to deal with a lot of paperwork because as I’m sure you’re aware MHA is a government program. It isn’t free money, you gotta work for it.

4. Hammer out a deal

Call your lender. You’ll learn that nearly all of them have some sort of assistance for situations just like this. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your bank 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’re a few payments behind, you probably do not qualify for a reduction in your interest rate.

Brutal. That is the best word to describe the typical experience most people have when negotiating with their bank. You have to have enough patience to watch concrete dry to get through all the bureaucracy. No matter what happens, don’t be rude. It can be a balancing act. Ask for help from anyone in a position to help, but do not be irritating. don’t give up. Explain your situation. Offer any supporting documents you have. Most importantly, let the bank know that you are fighting for your home because you plan on living there long term.

If you’re in need of a temporary fix and want to keep your home, the majority of banks can be forgiving. If you only missed just a few payments, and want to keep your property, then sometimes the mortgage provider will just add the missed mortgage loan payments back onto your loan. It’s all dollars and cents to them, so remind them that you just need their assistance to give them a lot more cash in the long haul. The last thing they want to do is take your house because they would miss out on a load of money. If you’ll meet them halfway they’ll make it work with you.

It sounds obvious, but for some reason lenders seemingly forget it when they say no to someone in crisis.

5. Sell to a local Miami, Florida investor

If you’re behind in your mortgage loan payments and really need to sell fast, we will buy it. Depending on your situation, if you would like we may even be able to help you stay in your Miami home.

We work with homeowners in Miami to find solutions to foreclosure problems.

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


If you must get rid of a house near 33122, we should be able to help you. We buy Miami homes like yours extremely fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here so that we can buy your Miami property for cash- http://www.GPBuyshomes.com!

Glymph Properties is delighted to help you find answers to your hardest questions about the Miami, Florida real estate market, so please call us at 888-509-6267 Ext 4 and chat with us 24/7/365.

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

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We are interested in purchasing houses near: 33102, 33125, 33126, 33127, 33128, 33129, 33130, 33131, 33132, 33133, 33135, 33136, 33137, 33138, 33142, 33144, 33145, 33149, 33150, 33194.


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

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Are you looking for a rent to own House… stop by our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5

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