Nearing Foreclosure in Wichita, Kansas… The top ways to avoid it!

Behind On My mortgage loan, But I Really Need To Sell My Home. Can You Recommend Any Local Wichita, Kansas Investors That Can Help Me!

 avoid foreclosure now Wichita , Kansas

No More Problems! Glymph Properties Buys Wichita, Kansas Homes

Missed several home loan payments? Behind on your bank loan…Read this post for a couple of helpful hints on what you can do to prevent and avoid foreclosure.

When you go delinquent in your mortgage loan payments on your Wichita property, it can feel like you are being consumed by debt.

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

If you are severely behind on home loan payments there are a few options that can help you to avoid foreclosure in Wichita maybe even sell your property. A good deal of homes in Wichita, Kansas have been lost to foreclosure, but there are many ways to avoid it.

1. Throwing in the Towel

Most see bankruptcy as the very last option. Bills piling up. You feel like you’re being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender one on one. It is a bunch of work, and it won’t help you avoid your bank loan. Different lenders will treat your circumstances in unique ways. 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

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen penalties. Basically, reaffirming the loan is an additional commitment to pay. If your Wichita 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. Suspended. Reduced. If you are unemployed this is definitely possible.

Be prepared to deal with a lot of paperwork because as I am sure you’re aware MHA is a government program. It’s free money, but you are going to have to jump through some hoops to get it.

4. Hammer out a deal

Lots of lenders routinely offer some level of assistance. It’s going to be tough and take a lot of work… but you may be able to get your interest rate reduced and/or temporarily reduce or temporarily stop your home loan payments.

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 bank loan 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. You have to have enough patience to watch concrete dry to get through all the bureaucracy. Regardless of how frustrated you become never be rude. Try not to come across as entitled, but try to get as much help from anyone in a position to help as possible. Reassure the bank that you want to live in your property long term and explain the situation and provide supporting documentation.

Let me let you in on a little realized secret. Mortgage lenders are not in the real estate business they are in the money lending business. They don’t want to become landlords. They don’t want you to lose your home, so you can keep paying them. Making themselves whole. Basically, if you’ve only missed a few payments, sometimes your lender will just compile your missed payments back onto your balance. It’s all about the revenue with your lender. Ask them for their help so that you can pay them what you owe. They won’t need to be reminded that they will end up doubling the money they lent you. Accepting a huge loss isn’t on the agenda for the banks. They do not want to foreclose on you because they know that if they put in the effort to come to terms with you they will make a massive profit in the end.

That sounds obvious, but for some reason lenders appear to forget it when saying no to someone in need of help.

5. Take a loan from an investor

If you’re behind in your bank 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 Wichita 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 must get rid of a home near 67207, we can help you. We buy homes in Kansas like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or have a look at our web site so we can buy your Wichita house for cash-!

We’re very happy to help you uncover answers to your most challenging questions about Wichita, Kansas properties, so please contact us at 888-509-6267 Ext 4 and chat with us 24/7/365.

Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Reasonable Cash Offer -See how we buy properties fast!

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Do you need to find more extremely high ROI properties to invest in… check out our investor website or give us a call anytime at 888-509-6267 Ext 3 Wichita

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