I’m really behind on my bank loan payments. Is there a way to sell my Boston, Massachusetts house?

I Missed One Or Two Payments On My Boston Property – I Seriously Want Help!

 Missed several house loan payments?

Prevent foreclosure on your Boston, Massachusetts home by reading through this short article.

Missing payments on your property house loan is like treading water in the middle of the Pacific ocean while being circled by sharks, having a person In the only life raft on the face of the planet throw a ton of bricks with “Boston, Massachusetts foreclosure” printed on it at your head.

Seriously… not only do you have to cover this month’s bill, but now you have to find a way to play catch-up and it is not like life’s bills just stop coming. If anything… when you are behind it just feels like more bills come out of the woodwork.

Missed a few house loan payments on your Boston home but want to avoid foreclosure…. there are a few things you can do to prevent it. So many Boston, Massachusetts properties have been lost via foreclosure, but there are ways to avoid it.

1. Chapter 11

No one really wants to file for bankruptcy. Bills piling up. You feel like you’re being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender one on one. It’s a complex process. It will put all your creditors 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 lender 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:

This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. If your Boston 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. 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.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. You might be able to get your mortgage payments suspended or reduced if you are unemployed.

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. Negotiate

Call your lender. You’ll learn that nearly all of them have some sort of assistance for situations just like this. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your bank loan payment.

If there is even the slightest chance that lenders can make money from your situation they will steer you towards refinancing. If you can afford it, and all you’re looking for is a temporary break from house loan payments then this could work. But… just be aware that ordinarily by the time that you’re several payments behind you won’t qualify for a lower interest rate which is where the long term mortgage savings are.

You have to work diligently to negotiate with a bank. Endurance. Tenacity. Strength of mind. You have to have them all in order to get through all the red tape. Never, ever act rude. Try not to come across as needy, but try to get as much help from anyone in a position to help as possible. 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 there is no way “on heaven or earth” you could be persuaded to leave your house, then take solace in the fact that most lenders can be forgiving. Playing catch up. Quite simply if you’ve only missed several payments, sometimes your bank will just compile your missed payments back onto your balance. Your entire home loan balance is next to nothing to them. Not even a grain of sand in the Sahara. Point out that you need a little patience, and that ultimately they will end up earning a lot more cash in the long run. The last thing that the mortgage lenders want to do is foreclose because they’d miss out on a ton of money. If you will meet them midway they’ll try to figure something out with you.

That sounds obvious, but for some reason, bankers seem to forget it when they say no to a homeowner in crisis.

5. Borrow money from a private investor

If you’re behind in your bank loan payments and really need to sell fast, Glymph Properties will buy it. If you do not want to sell but just need a little assistance, in some instances Glymph Properties can assist you.

Glymph Properties work with Boston 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 need to get rid of a home near 2115, we should be able to help you. We buy homes in Boston, Massachusetts like yours extremely fast.

Give us a call anytime 888-509-6267 Ext 4 or pay a visit to our website so that we can buy your Boston house for cash- http://www.GPBuyshomes.com!

Our company is delighted to help you discover answers to your most challenging questions regarding Boston, Massachusetts properties, so please feel free to give us a ring 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 Fair Cash Offer

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

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We buy houses in: 02108, 02109, 02110, 02111, 02113, 02114, 02115, 02116, 02118, 02119, 02120, 02121, 02122, 02124, 02125, 02126, 02127, 02128, 02129, 02130, 02131, 02132, 02134, 02135, 02136, 02199, 02205, 02210, 02215.


Are you looking to find other extremely high ROI investment properties or land… check-out our investor website or give us a call anytime at 888-509-6267 Ext 3

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Trying to find a rent to own House… have a look at our rent-to-own website or give us a ring anytime at 888-509-6267 Ext 5

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