Nearing Foreclosure in Indianapolis… The most effective strategies to avoid it!

I Own A Property In Indianapolis, Indiana And Owe On My Home Loan, But I Want To Sell!

 Sell my house easily in Indianapolis

Missed a handful of mortgage loan payments?

Missed several payments and need a few strategies to prevent and avoid foreclosure on an Indianapolis home then read this article.

Drowning. Powerless. Swamped. Lost cause. Distressing. That’s how everyone feels when you need to miss a few home payments in a city like Indianapolis.

Seriously… not only do you have to cover this month’s mortgage, but now you have to find a way to play catch-up and it isn’t like life’s bills just stop coming. If anything, when you are behind it just feels like even more bills come out of the woodwork.

Missed a few house mortgage loan payments on your Indianapolis, Indiana property but want to avoid foreclosure…. there are a few things you can do to prevent it. A good deal of homes in Indianapolis have been lost to foreclosure, but there are a number of ways to avoid it.

1. Chapter 13

No one really wants to file for bankruptcy. However, negotiating with all of your creditors at once will diminish a ton of stress. It is a complex process. It will put all your lenders on notice and help you to negotiate a settlement. Your mortgage loan could be one of those. With that being said… it will leave an everlasting mark on your credit history. Your mortgage creditor may handle the process completely different than someone else’s creditor. So there is no way Glymph Properties could provide anyone with the exact steps. If you are considering bankruptcy, our advice would be to get professional help.

2. Reaffirm

This can be a good card to play, but it may come with some unforeseen consequences. Basically, reaffirming the loan is an additional commitment to pay. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making property Affordable (MHA)

If your house 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.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. 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 am sure you are aware MHA is a government program. This “free” money isn’t completely free… you’ll have to pay for it with your time and energy.

4. Talk with your bank

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 payment.

The most common approach the lenders will take is to have you refinance, but just as an FYI, by the time you’re a few mortgage payments behind you probably won’t qualify for an interest rate reduction.

Negotiating with the bank is like running a marathon, after a marathon, after an iron man. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. No matter what happens, don’t be rude. Ask for help from everyone you speak with, but do not sound desperate. do not 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’s no way “on heaven or earth” you could be persuaded to leave your home, then take solace in the fact that most banks can be flexible. Making themselves whole. Pretty much if you have only missed a number of payments, sometimes your lender will just compile your missed payments back onto your balance. It is 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 money over the long run. Taking an enormous loss is not on the agenda for the lenders. They don’t want to put your property into foreclosure because they know that if they put in the effort to come to terms with you they’ll make an incredible 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 business turns profits and just need a little help remembering.

5. Sell to a local Indianapolis, Indiana investor

If you are behind in your house loan payments and want to sell fast, we will buy it. Depending on your situation, if you would like we may even be able to help you stay in your Indianapolis, Indiana home.

Glymph Properties work with Indianapolis, Indiana property owners 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 need to get rid of a house near Indianapolis, Indiana, we can help you. We buy homes in Indianapolis, Indiana like yours extremely fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or take a look at our website today-!

We’re very happy to help you uncover answers to your toughest questions concerning selling a house quick in Indianapolis, so please call us at 888-509-6267 Ext 4 and chat with us at any time.

Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Fast Cash Offer

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We are interested in purchasing houses in: 46113, 46201, 46202, 46203, 46204, 46205, 46208, 46214, 46217, 46218, 46219, 46220, 46221, 46222, 46224, 46225, 46226, 46227, 46228, 46229, 46231, 46234, 46235, 46237, 46239, 46240, 46241, 46250, 46254, 46256, 46259, 46260, 46268, 46278.


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