I have gotten numerous overdue notices. I want to keep my St. Louis, Missouri home. What can I do?

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Missed several mortgage loan payments? Behind on your mortgage loan…Browse through this post for a number of guidelines on what you can do to prevent and avoid foreclosure.

Nightmarish. We hear the ridiculous stories all the time about the sense of impending tragedy that swallows homeowners when they fail to pay several home mortgage payments in a foreclosure happy city like St. Louis that’s known to have a high foreclosure rate.

Bringing your Past-Due house loan balance current can seem 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 behind on home loan payments there are a few options that can help you to avoid foreclosure in St. Louis maybe even sell your home. Tons of properties in St. Louis, Missouri have been lost to foreclosure, but there are various ways to avoid it.

1. Throwing in the Towel

Most people see bankruptcy as the absolute last option. However, negotiating with all of your creditors at once will reduce a ton of stress. It really is a complex process. It will put all your lenders on notice and help you to negotiate a settlement. Your home loan could be one of those. With that being said… it will leave an everlasting mark on your credit history. Every creditor has its own process that it follows for bankruptcies. Get the best professional help you can afford if you are filing bankruptcy.

2. Reaffirm

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen penalties. Basically, reaffirming the loan is an additional commitment to pay. If your St. Louis property is auctioned, an affirmation could cause extra responsibilities.

3. MHA Program

If your bank loan qualifies, you might be able to participate in MHA. 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. Suspended. Reduced. If you are unemployed this is definitely possible.

Be prepared to deal with a lot of paperwork because as I’m sure you are aware MHA is a government program. It is not 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. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your mortgage loan payment.

The most common approach the lenders will take is to have you refinance, but just as an FYI, by the time you are a few payments behind you probably won’t qualify for an interest rate reduction.

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. Regardless of how frustrated you become never be rude. It can be a balancing act. Ask for help from anyone in a position to help, but do not be irritating. do not give up. Explain your situation. Offer any supporting documents you have. Most importantly, let the bank know that you are fighting for your property because you plan on living there long term.

Here is some insight on a little realized secret. Lenders and banks aren’t in the real estate business they are in the money lending business. They do not want to be stuck with an investment that they’re not properly equipped to handle. They don’t want you to lose your property, so you can keep paying them. Making themselves whole. Quite simply if you’ve only missed several payments, sometimes your mortgage lender will just add the sum of your missed payments back onto your balance. Your entire home loan balance is pennies to them. Not even a grain of sand in the Gobi Desert. Remind them that you need a little assistance and that in the end, they’ll end up earning a lot more cash in the end. The last thing they want to do is take your house because they’d miss out on a ton of money. If you will meet them midway they will try to figure something out with you.

You would probably think that this is common sense, but occasionally the bankers get stuck in the emotion of the circumstance and fail to remember that. Simply put…Help remind them.

5. Take a loan from a private investor

If you’re behind in your home loan payments and want to sell fast, we will buy it. If you don’t want to go into foreclosure but just need a little breathing room, in some situations we can assist you.

Glymph Properties work with Missouri house owners to find solutions to prevent pre-foreclosure.

We will let you know what kind of assistance we can provide.


If you must sell a home near 63106, we can help you. We buy homes in St. Louis, Missouri like yours quickly.

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

We’re happy to help you uncover answers to your toughest questions about the St. Louis, Missouri real estate market, so please feel free to contact 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 Fast Cash Offer

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We buy real estate near: 63101, 63102, 63103, 63104, 63106, 63107, 63108, 63109, 63110, 63111, 63112, 63113, 63115, 63116, 63118, 63120, 63139, 63147.


Looking for help to find other extremely high ROI properties to invest in… head to our investor website or give us a call anytime at 888-509-6267 Ext 3

www.gpsellshomes.com/investment-properties- St-Louis

Free investor resources!



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

www.gprent2own.com/rent-to-own- St. Louis

Absolutely free rent-to-own resources!



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