Losing My Baton Rouge House: What can I do to prevent it?

Fix Your Credit Report, Have Your Mortgage Paid, & Prevent Getting Behind On Your Payments!

 house buyers 70884

I Need To Sell My Baton Rouge, Louisiana Property Super Fast

Late on bank loan? Believe it or not… you can stop foreclosure in Baton Rouge even with quite a few missed house payments.

Falling behind on your property house loan is like wading in the deep end of the swimming pool, then having somebody saunter over to the edge of the pool and throwing an anvil with ” Baton Rouge foreclosure” printed on it at your head.

Not just making the most recent payment, then you have to worry about playing catch-up on the home loan payments you’ve missed and the fees… It can be intimidating.

There are a few options that can help you to avoid foreclosure in Baton Rouge and maybe even keep your house, even if you are behind in house loan payments. So many Baton Rouge properties have been lost via foreclosure, but there are ways to avoid it.

1. Chapter 7

Everyone is terrified of bankruptcy- it can be a very complex process. If you are being crushed by a load of debt, bankruptcy can be a good way to negotiate with lots of creditors at once. It’s a bunch of work, and it will not help you avoid your bank loan. 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. Reaffirm

Doing so can buy you more time, but may come with more fines. Basically, reaffirming the loan is an additional commitment to pay. If your Baton Rouge, Louisiana property is auctioned off, an affirmation could cause extra responsibilities.

3. MHA Program

If your bank loan qualifies, you might be able to participate in MHA. 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 house 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 are unemployed, you might be able to get your mortgage loan payments temporarily suspended or reduced.

MHA is a government program, so be prepared to deal with lots of paperwork. It is not free money ‘ you gotta work for it.

4. Hammer out a deal

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 mortgage loan payment.

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

Brutal. That is the best word to describe the typical experience most people have when negotiating with their bank. 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, fax, and email. When you feel fed up and think ” they are trying to fleece me” you’re going to have to swallow It and call again. Never, ever be rude. It truly is a balancing act. Ask for help from anyone in a position to help, but don’t act entitled. Reassure the bank that you want to live in your house long term and explain the situation and provide supporting documentation.

If you are in need of a temporary fix and want to keep your property, the majority of banks can be understanding. If you only missed a number of payments, and want to keep your home, then sometimes the loan provider will just add the missed mortgage payments back onto your loan. It is all about the income with your loan provider. Ask them for their help so that you can send them what you owe. They will not need to be reminded that they will end up doubling the money they lent you. Banks are not in the business of taking a loss, so they are very reluctant to foreclose on your house… they’d wind up taking a substantial loss. They would really prefer not to do it.

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

5. Give up & Sell to Baton Rouge Investor

Glymph Properties will help if you’re behind on your payments and need to sell your Baton Rouge home. If you don’t want to sell but just need a little assistance, in some instances Glymph Properties can help you.

Glymph Properties work with property owners in Baton Rouge, Louisiana to find solutions to prevent foreclosure.

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

 

If you really need to get rid of a property near 70884, we should be able to help you. We buy homes in Baton Rouge like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or fill out the form here now- www.GPBuyshomes.com!

We are delighted to help you uncover answers to your most difficult questions regarding Baton Rouge properties, so please contact us 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 Fair Cash Offer

Visit our website -See how it works

Check out our articles to educate sellers!

www.gpbuyshomes.com/blog

We buy properties near: 70801, 70802, 70805, 70806, 70807, 70808, 70809, 70814, 70815, 70816, 70819, 70820, 70827, 70891.

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

www.gpsellshomes.com/investment-properties- Baton Rouge

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Trying to find a rent to own home… explore our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5

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