I really need help! I’m late on my own bank loan on my Detroit home.

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No More Issues! Glymph Properties Bought My Detroit, Michigan Property

Missed several house loan payments? Believe it or not… you can avoid foreclosure in Detroit, Michigan even with several late property payments.

Missing payments on your home house loan is like wading in the deep end of the pool, then having somebody come up behind you from the edge of the pool and throwing a boulder with ” Detroit foreclosure” printed on it at your head.

Besides making the most recent payment, then you have to worry about playing catch-up on the mortgage loan payments you have missed and the fees… It can be intimidating.

If you are significantly behind on house loan payments there are a few options that can help you to avoid foreclosure in Detroit, Michigan maybe even keep your property. So many Detroit homes have been lost via foreclosure, but there are ways to avoid it.

1. Flying the white flag

Everyone is terrified of bankruptcy- it can be a very difficult process. However, negotiating with all of your creditors at once will reduce a ton of stress. It’s a complex process. It will put all your lenders on notice and help you to negotiate a settlement. Your mortgage loan could be one of those. With that being said… it will leave a permanent 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. 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 penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making property Affordable (MHA)

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

With MHA, your mortgage payments and/or interest rates might be lowered even the principal balance (if your house is worth less than you owe). Suspended. Reduced. If you are unemployed this is definitely possible.

MHA is a government program, so be prepared to deal with lots of paperwork. It’s free money, but you will have to jump through some hoops to get it.

4. Negotiate with your bank

Most lenders offer some level of assistance. 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 pause your mortgage loan payments.

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 house loan payments behind you probably won’t qualify for an interest rate reduction.

Negotiating with the bank is like running a marathon, after a marathon, after an iron man. You have to be relentlessly persistent. Your pride kind of has to go out the window. You are going to have to call, call again and again and again, and email. When you feel fed up and think ” they are not cooperating with me” you are going to have to swallow It and call again. Don’t sink your own ship by being 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 home long term and explain the situation and provide supporting documentation.

If “come hell or high water” you have no plans of leaving your home, then take solace in the fact that most banking institutions can be flexible. If you only missed just a few payments, and want to keep your property, then sometimes the mortgage lender will just add the missed mortgage loan payments back onto your loan.. Over time your lenders will more than double their outlay, so just ask and they’ll want to make it work with you. If they need to sell your home at an auction, they’ll end up taking an enormous loss.

If a banker can say no to someone like you who needs their help, then obviously they have overlooked how their business turns a profit and just need a little help remembering.

5. Sell to an investor

If you are behind in your mortgage payments and want to sell fast, we will buy it. If you don’t want to go into foreclosure but just need a little assistance, in some situations Glymph Properties can assist you.

Glymph Properties work with Detroit, Michigan property owners to find solutions to prevent pre-foreclosure.

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


If you really need to sell a house near Detroit, Michigan, we should be able to help you. We buy homes in Detroit like yours quickly.

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

Glymph Properties is happy to help you find answers to your most challenging questions about selling a property incredibly easily in Detroit, Michigan, so please feel free to contact 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 Reasonable Cash Offer

www.gpbuyshomes.com/sell-my-house-fast-detroit -See how it works

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We buy houses within 25 miles of the following zip codes: 48201, 48202, 48203, 48204, 48205, 48206, 48207, 48208, 48209, 48210, 48211, 48212, 48213, 48214, 48215, 48216, 48217, 48219, 48221, 48223, 48224, 48225, 48226, 48227, 48228, 48233, 48234, 48235, 48236, 48238, 48239, 48240, 48243.


Looking to find other high ROI properties to invest in… head over to 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 property or home… visit our rent-to-own website or give Glymph Properties a call anytime at 888-509-6267 Ext 5

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Have a look at our rent-to-own blog!



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