I need assistance! I am behind on my own home loan on my Louisville, Kentucky home.

In Louisville And Really Need Help: I Missed The Last Few House Loan Payments On My Home!

 Avoid foreclosure now Louisville, Kentucky

Behind on home loan?

Prevent foreclosure on your Louisville, Kentucky property by reading this succinct blog.

Hell on Earth. We hear the sob stories all the time about the sense of upcoming doom that swamps homeowners when they fail to pay a handful of house mortgage payments in a foreclosure happy city like Louisville, Kentucky that’s known to have a high foreclosure rate.

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

Missed a few house payments on your Louisville home but want to avoid foreclosure…. there are a few things you can do to prevent it. A whole lot of homes in Louisville, Kentucky have been lost to foreclosure, but there are a lot of ways to avoid it.

1. Personal bankruptcy

No one really wants to file for bankruptcy. Bills piling up. You feel like you are being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender one on one. It is a tremendous amount of work, and it will not help you avoid your mortgage loan. Every lender 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 can be a good card to play, but it may come with some unforeseen consequences. If you reaffirm your commitment to make your home loan payments, you have to make your payments. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned.

3. MHA Program

If your bank 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’s up to their discretion whether or not they participate in the MHA program.

If your home 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.

Be prepared to deal with a lot of paperwork because as I’m sure you’re aware MHA is a government program. It is free money, but you are going to have to jump through some hoops to get it.

4. Negotiate

Most lenders 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.

The most common approach the lenders will take is to have you refinance, but just as an FYI, by the time you’re a few mortgage 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. Persistence. Tenacity. Self-discipline. You have to have them all in order to get through all the red tape. No matter what happens, don’t be rude. Ask for help from everyone you speak with, but don’t sound entitled. 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 house because you plan on living there long term.

If “come hell or high water” you have no plans of leaving your house, then bank on the fact that most lenders can be forgiving. If you only missed a number of payments, and want to keep your house, then sometimes the mortgage company will just add the missed bank loan payments back onto your loan. Overall your loan providers will more than 2x their outlay, so just ask and they’ll want to make it work with you. Taking a significant loss is not on the agenda for the banks. They don’t want to put your property into foreclosure because they know that if they come to terms with you they’ll earn an incredible profit in the end.

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

5. Sell to a local Louisville, Kentucky investor

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

We work with Louisville house owners to find solutions to foreclosure problems.

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


If you really need to get rid of a house near Louisville, we should be able to help you. We buy homes in Kentucky like yours extremely fast.

Give us a call anytime 888-509-6267 Ext 4 or stop by our web site so we can buy your Louisville, Kentucky property for cash- www.GPBuyshomes.com!

We are happy to help you uncover answers to your toughest questions concerning the Louisville, Kentucky housing market, so please feel free to give us a ring 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 Good Cash Offer

www.gpbuyshomes.com/sell-my-house-fast-louisville-ky -See how we buy propertys fast!

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We buy properties in: 40202, 40203, 40204, 40206, 40209, 40212, 40214, 40258, 40272.


Are you looking to find more extremely high ROI investment properties… go to our investor website or give us a ring anytime at 888-509-6267 Ext 3

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Trying to find a rent to own property or home… go to our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5

www.gprent2own.com/rent-to-own- Louisville

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