Losing My Boston, Massachusetts House: How can I stop it?

Boston: The Best Local Boston Companies To Buy Your House Fast Even If You Are Several Home Loan Payments Behind!

 home buyers Boston , Massachusetts

Behind on mortgage loan?

Late on your house loan…Look over this post for several recommendations on what you can do to prevent and avoid foreclosure.

Drowning. Hopeless. Swamped. Fed-up. Intimidating. That is how everyone feels if you need to miss a few home payments in a city like Boston, Massachusetts.

Regardless of whether you’re able to cover your home loan payment, catching up on an overdue balance can be an overpowering challenge.

Late on a few house bank loan payments on your Boston, Massachusetts property but want to avoid foreclosure…. there are a few things you can do to prevent it. A whole lot of homes in Boston, Massachusetts have been lost to foreclosure, but there are a number of ways to avoid it.

1. Private bankruptcy

Most people see bankruptcy as the very last option. Bills piling up. You feel like you are being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender individually. It won’t make your home loan disappear altogether, but it will put you on a path to eventually walk away. You will not come out unscathed, but you will survive. Every lender has its own process that it follows for bankruptcies. You would benefit from serious professional help- the best you can afford.

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. If you reaffirm your commitment to make your mortgage loan payments, you have to make your payments. If your Boston property is auctioned off, an affirmation could cause extra responsibilities.

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. Suspended. Reduced. If you are unemployed this is definitely possible.

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. Negotiate 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 mortgage 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 are going to steer you towards refinancing. If you can afford it, and all you are looking for is a temporary break from 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 mortgage loan savings are.

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their mortgage lender. Patience. Tenacity. Self-discipline. You have to have them all in order to get through all the red tape. No matter what happens, do not be rude. Try not to come across as desperate, but try to get as much help from anyone in a position to help as possible. Explain the situation, offer supporting documents, and reassure the lender that you want to live in your house for the long term.

If you are in need of a quick fix and want to stay in your house, the majority of banks can be forgiving. Sometimes they will be open to adding a number of months of home loan payments back onto the primary balance of your loan. Your entire home loan balance is practically nothing to them. Not even a drop in the ocean. Remind them that you need assistance and that in the end, they will end up making a lot more cash in the end.. Banks aren’t in the business of taking a loss, so they are incredibly hesitant to foreclose on your house… they would end up taking a massive loss. They do not want to do it.

It sounds obvious, but for some reason lenders seemingly forget it when saying no to a homeowner in need of assistance.

5. Sell to a local Boston, Massachusetts investor

If you are behind in your home loan payments and want to sell fast, we can help. Depending on your circumstances, if you would like we may even be able to help you stay in your Boston house.

Glymph Properties work with property owners in Boston to find solutions to prevent pre-foreclosure.

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


If you really need to get rid of a house near Boston, Massachusetts, we can help you. We buy homes in Massachusetts like yours fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here so that we can buy your Boston, Massachusetts property for cash- www.GPBuyshomes.com!

Our company is delighted to help you find answers to your most challenging questions concerning selling a house very easily in Boston, so please feel free to give us a ring at 888-509-6267 Ext 4 and chat with us anytime.

Fill out this form or give Glymph Properties a call anytime at 888-509-6267 Ext 4 for a Fair Cash Offer

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We are interested in buying houses in: 02108, 02109, 02110, 02111, 02113, 02114, 02115, 02116, 02118, 02119, 02120, 02121, 02122, 02124, 02125, 02126, 02127, 02128, 02129, 02130, 02131, 02132, 02134, 02135, 02136, 02199, 02205, 02210, 02215.


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

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