I’m really behind on my home loan payments. Can I save my Jacksonville property?

Boost Your Credit Report, Have Your Monthly Mortgage Paid, & Prevent Foreclosure!

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No More Worries! Glymph Properties Bought My Jacksonville, Florida Property

Behind on bank loan? Prevent foreclosure on your Jacksonville, Florida house by reading through this short blog.

Missed several house loan payments on my home in Jacksonville, Florida. ” Honestly… it feels like I can’t breathe.”

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

There are a few choices that can help you to avoid foreclosure in Jacksonville and maybe even keep your house, even if you’re behind on house loan payments. So many Jacksonville properties have been swiped via foreclosure, but there are ways to avoid it.

1. Flying the white flag

Normally, this is the last thing you want to do. Debts 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 will not make your home loan evaporate, but it will put you on a path to eventually walk away. You won’t come out unscathed, but you will survive. 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. If you reaffirm your commitment to make your home loan payments, you have to make your payments. If your Jacksonville, Florida property is auctioned off, 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.

Like with anything having to deal with the government MHA is a government program so there’s 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

Lots of lenders routinely offer some level of assistance. 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’s the best word to describe the typical experience most people have when negotiating with their bank. Patience. Tenacity. Determination. You have to have them all in order to get through all the red tape. Regardless of how frustrated you become never be rude. Try not to come across as frantic, 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 house long term and explain the situation and provide supporting documentation.

If this is truly a short-term situation and does not want to give up your home, most lenders would probably be willing to work together with you. 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. In the long run, your lenders will more than 2x their cash outlay, so just ask and they will want to work it out with you. If they have to sell your property at a foreclosure auction, they’ll end up taking an enormous loss.

It sounds obvious, but for some reason, bankers frequently forget it when saying no to a homeowner in need of a little leeway.

5. Throw in the towel & Sell to an investor that works in Jacksonville 

If you’re behind in your bank loan payments and really need to sell fast, Glymph Properties can buy it. Depending on your circumstances, if you would like we may even be able to help you stay in your Jacksonville property.

Glymph Properties work with Jacksonville, Florida property owners to find solutions to prevent pre-foreclosure.

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

 

If you must get rid of a property near Jacksonville, we can help you. We buy Florida houses like yours quickly.

Give us a call anytime 888-509-6267 Ext 4 or pay a visit to our web site so that we can buy your Jacksonville, Florida property for cash- www.GPBuyshomes.com!

Glymph Properties is very happy to help you find answers to your hardest questions regarding selling a house very easily in Jacksonville, Florida, so please contact us at 888-509-6267 Ext 4 and chat with us at any time.

Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Reasonable Cash Offer

www.gpbuyshomes.com/sell-my-house-fast-jacksonville-fl -See how we buy properties fast!

Free seller resources!

www.gpbuyshomes.com/blog

We are interested in buying houses within 50 miles of the following zip codes: 32202, 32204, 32205, 32206, 32207, 32208, 32209, 32210, 32211, 32216, 32217, 32218, 32219, 32220, 32221, 32222, 32223, 32224, 32225, 32226, 32233, 32234, 32235, 32244, 32246, 32254, 32256, 32257, 32258, 32277.

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Do you need to find more extremely high ROI investment properties or land… check out our investor website or give us a ring anytime at 888-509-6267 Ext 3

www.gpsellshomes.com/investment-properties- Jacksonville

Check out our investment blog!

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Trying to find a rent to own Property… check-out our rent-to-own website or give Glymph Properties a call anytime at 888-509-6267 Ext 5

See Glymph Properties Rent-To-Own Properties

Check-out our rent-to-own articles to teach renters looking to buy!

www.gprent2own.com/blog

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