Keeping your Tampa, Florida home when you are badly late on your home payments!

I Own A Property In Tampa, Florida And Owe On My Mortgage Loan, But I Want To Sell!

 we buy properties Tampa

 

Missed several mortgage payments? Whether you believe it or not… you can stop foreclosure in Tampa, Florida even with many late property payments.

Worst nightmare. We hear sad stories all the time about the sense of approaching tragedy that swallows homeowners when they fail to pay several bank loan payments in a foreclosure happy city like Tampa, Florida that is known to have a particularly high foreclosure rate.

Bringing your Past-Due mortgage balance current can seem to be impossible, especially when you do not 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 Tampa and maybe even keep your house, even if you’re seriously behind on bank loan payments. A good deal of homes in Tampa, Florida have been lost to foreclosure, but there are various ways to avoid it.

1. Chapter 11

Most see bankruptcy as the absolute last option. If you are being crushed by a load of debt, bankruptcy can be an easy way to negotiate with lots of creditors at once. It is a significant amount of work, and it won’t help you avoid your bank loan. Every lender has its own process that it follows for bankruptcies. You’d benefit from serious professional help – the best you can afford.

2. Reaffirm

Doing so can buy you more time, but may come with more fines. If you reaffirm your commitment to make your bank loan payments, you have to make your payments. If your Tampa property is auctioned, an affirmation could cause extra responsibilities.

3. MHA Program

You might be able to participate in the MHA program if your mortgage 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’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. You might be able to get your home loan payments suspended or reduced if you are unemployed.

MHA is a government program, so be prepared to deal with lots of paperwork. This “free” money is not completely free… you’ll have to pay for it with your time and energy.

4. Bargain with your bank

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

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

You have to work really hard to negotiate with a bank. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever act rude. Try not to come across as needy, but try to get as much help from anyone in a position to help as possible. 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 property because you plan on living there long term.

If this is honestly a temporary situation and don’t want to give up your home, most banks will be willing to work with you. If you only missed several payments, and want to keep your property, then sometimes the loan provider will just add the missed bank loan payments back onto your loan.. It’s all about the bottom line with them, so remind them that you need a little bit of their help to give them a lot more cash over the long run. If they need to sell your home at a foreclosure auction, they will end up incurring a huge loss.

If a lender can say no to someone like you who needs their help, then obviously they have forgotten how their industry turns a profit and just need a little help remembering.

5. Sell to a local Tampa, Florida investor

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

We work with Florida home owners to find solutions to foreclosure problems.

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

 

If you must get rid of a house near 33606, we should be able to help you. We buy Tampa homes like yours extremely fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or visit our site now- www.GPBuyshomes.com!

We’re happy to help you get answers to your most challenging questions about selling a house quick in Tampa, Florida, so please 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 Good Cash Offer

Check Out Our Website -See how it works

Check out our articles to educate sellers!

www.gpbuyshomes.com/blog

We are interested in purchasing properties in: 33602, 33603, 33604, 33605, 33606, 33607, 33609, 33611, 33612, 33616, 33629, 33647.

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Are you looking to find other extremely high ROI investment properties… head to our investor website or give us a ring anytime at 888-509-6267 Ext 3

Visit our investor website

Check out our investing articles to educate investors!

www.gpsellshomes.com/blog

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Are you looking for a rent to own property… have a look at 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

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

www.gprent2own.com/blog

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