Keeping your St. Louis home when you’re badly behind on your home bank payments!

Help, I’m behind on my bank loan payments in St. Louis!

 selling a house in probate in 63106

Behind on bank loan?

Missed a few payments and need a few helpful hints to prevent and avoid foreclosure on your St. Louis, Missouri home then look over this article.

Hell on Earth. We hear the ridiculous stories all the time about the sense of upcoming disaster that settles around people when they fail to pay a handful of property payments in a city like St. Louis, Missouri that’s known to have a tremendously high foreclosure rate.

Despite the fact that you can pay your monthly mortgage payment, catching up on an overdue balance can be an overwhelming challenge.

There are a few options that can help you to avoid foreclosure in St. Louis, Missouri and maybe even keep your house, even if you are behind on home loan payments. So many St. Louis houses have been lost via foreclosure, but there are numerous ways to avoid it.

1. Personal bankruptcy

This is ordinarily the last option. However, negotiating with all of your creditors at once will reduce a ton of stress. It won’t make your mortgage vanish, but it will put you on a path to eventually walk away. You wouldn’t come out unscathed, but you will survive. 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

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. MHA Program

If your mortgage 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.

If your home is underwater, and you are accepted into the MHA program then your principal balance can be lowered as well as your interest rate. If you’re unemployed, you might be able to get your mortgage payments temporarily suspended or reduced.

Like with anything having to deal with the government MHA is a government program so there is a ton of paperwork. It is free money, but you’ll have to jump through some hoops to get it.

4. Negotiate

Lots of lenders routinely offer some level of assistance. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your payments. It’s in the realm of possibilities if you work hard and negotiate with your lender.

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

You have to work really hard to negotiate with a bank. You have to have enough patience to watch concrete dry to get through all the bureaucracy. Do not sabotage yourself by being rude. It truly is a balancing act. Ask for help from anyone in a position to help, but don’t be desperate. 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 convinced to leave your property, then bank on the fact that most banks can be flexible. If you only missed a couple of payments, and want to keep your house, then sometimes the mortgage lender will just add the missed mortgage payments back onto your loan. In the end, your loan providers will more than 2x their cash outlay, so just talk to them and they will want to work it out with you. If they have to sell your house at an auction, they’ll take an enormous loss.

It sounds obvious, but for some reason lenders seemingly forget it when they say no to a homeowner in crisis.

5. Throw in the towel & Sell to St. Louis Investor

Glymph Properties will buy your St. Louis property if you’re behind on your payments and need to sell your St. Louis, Missouri house. Depending on your circumstances, if you’d like we may even be able to help you stay in your St. Louis, Missouri property.

Glymph Properties work with Missouri homeowners to find solutions to prevent foreclosure.

We will let you know how we can help.


If you really need to sell a house near 63106, we should be able to help you. We buy homes in Missouri like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or pay a visit to our website today-!

Our company is very happy to help you get answers to your toughest questions regarding selling a property quick in St. Louis, 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 Fast, Fair Cash Offer

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We buy houses near: 63101, 63102, 63103, 63104, 63106, 63107, 63108, 63109, 63110, 63111, 63112, 63113, 63115, 63116, 63118, 63120, 63139, 63147.


Looking for help to find more high ROI investment properties… pay a visit to 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… stop by our rent-to-own website or give us a ring anytime at 888-509-6267 Ext 5 St. Louis

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


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