I’m really behind on my house loan payments. Is there a way to sell my St. Paul house?

I Missed Many Payments On My St. Paul House – I Sincerely Want Assistance!

 cash for my house 55106

Thank the Lord Jesus! Just Sold My House in St. Paul, Minnesota.

Missed a few mortgage loan payments? Missed a number of payments and need a few strategies to prevent and avoid foreclosure on a St. Paul house then read this article.

Drowning. Despairing. Overwhelmed. Fed-up. Horrifying. That’s how you feel if you get behind on your mortgage in a city like St. Paul, Minnesota.

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

If you are in St. Paul and behind on a few bank loan payments, there are a few things you can do to avoid foreclosure. So many St. Paul, Minnesota homes have been swiped via foreclosure, but there are ways to avoid it.

1. Throwing in the Towel

No one really wants to file for bankruptcy. 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 one on one. It won’t make your mortgage disappear altogether, but it will put you on a path to eventually walk away. You won’t come out unscathed, but you will survive. Every creditor has its own process that it follows for bankruptcies. If you’re considering bankruptcy, our advice would be to get professional help.

2. Reaffirm

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen issues. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s 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 bank loan 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.

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 loan 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 isn’t 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 home loan payment.

Most of the time, lenders will want to steer you to refinance your loan, but by the time you are a few payments behind, you probably do not qualify for a cut in the interest rate.

Negotiating with the bank is like running a marathon, after a marathon, after an iron man. You have to be doggedly persistent. You have to be willing to let your pride go out the window. You’re going to have to call, call again and again and again, and email. When you feel fed up and think ” they should be working with me” you are going to have to swallow It and call again. Do not sabotage yourself by being rude. Ask for help from everyone you speak with, but do not sound distressed. Reassure the bank that you want to live in your house long term and explain your situation and provide supporting documentation.

Here’s some insight on a little realized secret. Mortgage lenders are not in the real estate business they are in the mortgage origination business. They don’t want to be stuck with a house that they’re not properly equipped to handle. They want you to keep your property, so you can keep paying them. Sometimes they’ll be open to adding a few months of bank loan payments back onto the primary balance of your loan. In time your loan providers will more than 2x their investment, so just ask and they will want to make it work with you. If they need to sell your property at a foreclosure auction, they will end up incurring a huge loss.

The logic is sound and based on facts, but lenders routinely get stuck in the emotion of the situation and overlook that. Simply put…Remind them.

5. Sell to a local zip code investor

If you are behind in your mortgage payments and need to sell fast, Glymph Properties will buy it. In certain instances, we may even be able to help you stay in your property.

Glymph Properties work with Minnesota property owners to find solutions to foreclosure problems.

Don’t be anxious. Give us a call. We will let you know if we can help or not.

 

If you have to sell a house near St. Paul, we can help you. We buy St. Paul properties like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or visit our website today- www.GPBuyshomes.com!

Our company is delighted to help you find answers to your most difficult questions concerning St. Paul, Minnesota property, so please give us a ring at 888-509-6267 Ext 4 and chat with us 24/7/365.

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

Check Out Our Website -See how we buy properties fast!

Free seller resources!

www.gpbuyshomes.com/blog

We buy houses in: 55101, 55102, 55103, 55104, 55105, 55106, 55107, 55108, 55114, 55116, 55117, 55119, 55130.

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

Visit our investor website

Free investor resources!

www.gpsellshomes.com/blog

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Are you looking for a rent to own property… head to our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

See Glymph Properties Rent-To-Own Properties

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

www.gprent2own.com/blog

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