Keeping your Stockton, California house when you’re seriously late on your home payments!

Please help, I am behind in my mortgage payments in Stockton!

 save me from foreclosure Stockton , California

Got Four Offers On My Home in Stockton, California In Literally Hours!

Behind on mortgage? Late on your house loan…Browse this blog for several tips on what you can do to prevent and avoid foreclosure.

Nightmarish. We hear sad stories all the time about the sense of coming doom that swallows homeowners when they fail to pay several mortgage payments in a foreclosure happy city like Stockton that is known to have a seriously high foreclosure rate.

Bringing your Past-Due home loan balance current can seem impossible, especially when you do not even know if you are going to be able to make this months mortgage loan payment.

Late on a few home payments on your Stockton house but want to avoid foreclosure…. there are a few things you can do to prevent it. So many Stockton, California homes have been swiped via foreclosure, but there are ways to avoid it.


1. Bankruptcy

This is ordinarily the tool of last resort. If you are being crushed by lots of debt, bankruptcy can be an excellent way to negotiate with lots of creditors at once. It will not make your mortgage loan vanish, but it will put you on a path to eventually walk away. You are not going to 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

Doing so can buy you more time, but may come with more penalties. If you reaffirm your commitment to make your payments, you have to make your payments. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned.


3. MHA Program

You might be able to participate in the MHA program if your mortgage 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.

With MHA, your payments and/or interest rates might be lowered even the principal balance (if your home is worth less than you owe). If you are unemployed, you might be able to get your payments temporarily suspended or reduced.

Be prepared to deal with a lot of paperwork because as I’m sure you’re aware MHA is a government program. It ain’t free money ‘ you gotta work for it.


4. Bargain with your bank

Call your lender. You’ll learn that nearly all of them have some sort of assistance for situations just like this. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your house loan payments. It’s in the realm of possibilities if you work hard and negotiate with your lender.

If there is even the slightest chance that lenders can make money from your situation they may steer you towards refinancing. If you can afford it, and all you’re looking for is a brief reprieve from mortgage 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 house loan savings are.

Brutal. That is the best word to describe the typical experience most people have when negotiating with their bank. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. Don’t sink your own ship by being rude. It is a balancing act. Ask for help from anyone in a position to help, but do not be obnoxious. 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 house because you plan on living there long term.

If you seriously want to stay in your property and make “nice” with the bank, just tell them. Your mortgage provider is remarkably forgiving as long as you are willing to work with them. Sometimes they would be open to adding a couple of months of bank loan payments back onto the primary balance of your loan. It’s all dollars and cents to them, so remind them that you just need a little bit of their help to give them a significant amount of money over the long haul. Choosing to take an enormous loss is not on the agenda for the mortgage lenders. They do not want to foreclose on you because they know that if they come to terms with you they will make a massive profit in the end.

If a banker can say no to someone like you who needs their assistance, then obviously they have overlooked how their industry turns profits and just need a little help remembering.


5. Contact a local Stockton, California investor

If you’re behind in your mortgage loan payments and really need to sell fast, Glymph Properties will buy it. If you don’t want to sell but just need a little help, in some cases, we can assist you.

We work with house owners in Stockton, California to find solutions to foreclosure problems.

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


If you really need to sell a home near 95205, we should be able to help you. We buy homes in Stockton, California like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or pay a visit to our site so we can buy your Stockton property for cash-!

We are delighted to help you get answers to your toughest questions about the Stockton, California real estate market, 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 Glymph Properties a call anytime at 888-509-6267 Ext 4 for a Reasonable Cash Offer -See how we buy properties fast!

Free seller resources!

We buy homes within 75 miles of the following zip codes: 95202, 95203, 95204, 95205, 95206, 95207, 95209, 95210, 95212, 95219.


Looking for help to find other extremely high ROI investment properties or land… head over to our investor website or give us a ring anytime at 888-509-6267 Ext 3

See how investing works with Glymph Properties

Check out our investment blog!


Trying to find a rent to own home… visit our rent-to-own website or give Glymph Properties a call anytime at 888-509-6267 Ext 5 Stockton

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


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