I’m really behind on my mortgage loan payments. Can I save my Indianapolis, Indiana property?

Behind On My mortgage loan, But I Really Need To Sell My Property. Are There Any Local Indianapolis, Indiana Businesses That Can Help Me!

 selling a house in probate Indianapolis

Missed several bank loan payments?

Prevent foreclosure on your Indianapolis, Indiana home by reading this short blog.

Missed a number of bank loan payments on my property in Indianapolis, Indiana. ” It feels like the sky is falling on me.”

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

If you are behind on mortgage payments there are a few options that can help you to avoid foreclosure in Indianapolis maybe even sell your home. So many Indianapolis properties have been stolen via foreclosure, but there are ways to avoid it.

1. Chapter 11

This is usually the last option. If you’re being crushed by a load of debt, bankruptcy can be an easy way to negotiate with lots of lenders at once. It will not make your home loan disappear, but it will put you on a path to eventually walk away. You will not come out unscathed, but you will survive. Your mortgage creditor may handle the process completely different than someone else’s lender. So there is no way Glymph Properties could provide anyone with the exact process. 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 unseen 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. 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.

If your property 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 am sure you’re aware MHA is a government program. It’s free money, but you’ll have to jump through some hoops to get it.

4. Negotiate with your bank

Most lenders 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 bank loan payment.

If there is even the slightest chance that lenders can make money from your situation they’ll 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 are several payments behind you won’t qualify for a lower interest rate which is where the long term bank loan savings are.

Negotiating with the bank is like running a marathon, after a marathon, after an iron man. Usually, it takes lots of calls and the patience to watch paint dry to get through the bureaucracy. No matter what happens, do not be rude. Ask for help from everyone you speak with, but don’t sound critical. do not give up. Explain your situation. Offer any supporting documents you have. Most importantly, let the bank know that you are fighting for your property because you plan on living there long term.

If this is genuinely a temporary situation and does not want to give up your home, most banks will be willing to work with you. If you only missed a couple of payments, and want to keep your house, then sometimes the loan provider will just add the missed mortgage loan payments back onto your loan. Over time your loan providers will more than double their cash outlay, so just talk to them and they’ll want to work it out with you. Banks aren’t in the business of taking a loss, so they are extremely reluctant to foreclose on your home… they’d take a massive loss. They would prefer not to do it.

It sounds obvious, but for some reason lenders apparently, forget it when saying no to a homeowner in crisis.

5. Sell to an investor

If you are behind in your house loan payments and really need to sell fast, Glymph Properties will buy it. Depending on your situation, if you would like we may even be able to help you stay in your Indianapolis, Indiana home.

Glymph Properties work with Indianapolis, Indiana house owners to find solutions to foreclosure problems.

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


If you need to sell a home near Indianapolis, Indiana, we can help you. We buy Indianapolis, Indiana houses like yours extremely fast.

Give us a call anytime 888-509-6267 Ext 4 or head to our website now- http://www.GPBuyshomes.com!

Glymph Properties is very happy to help you discover answers to your most difficult questions regarding the Indianapolis, Indiana real estate 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 us a call anytime at 888-509-6267 Ext 4 for a Good Cash Offer

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

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We are interested in acquiring houses near: 46113, 46201, 46202, 46203, 46204, 46205, 46208, 46214, 46217, 46218, 46219, 46220, 46221, 46222, 46224, 46225, 46226, 46227, 46228, 46229, 46231, 46234, 46235, 46237, 46239, 46240, 46241, 46250, 46254, 46256, 46259, 46260, 46268, 46278.


Do you need to find other high ROI properties to invest in… head over 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… head over to our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

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

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



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