On the verge of losing my Atlanta, Georgia house. I’m really behind on my mortgage loan payments, what can I do to keep it?

I Own A House In Atlanta, Georgia And Owe On My Home Loan, But I Want To Get Rid Of It!

 stop my foreclosure Atlanta

Behind on bank loan?

Prevent foreclosure on your Atlanta, Georgia house by reading this post.

Sinking. Despairing. Inundated. Lost cause. Terrifying. That’s how it feels if you have to miss a few home payments in a city like Atlanta, Georgia.

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 more bills come out of the woodwork.

If you are significantly behind on home loan payments there are a few options that can help you to avoid foreclosure in Atlanta maybe even keep your home. A whole lot of properties in Atlanta, Georgia have been lost to foreclosure, but there are a number of ways to avoid it.

1. Personal bankruptcy

Everyone is concerned about bankruptcy- it can be a very complex process. Bills piling up. You feel like you are being crushed. Bankruptcy would allow you to lift that burden all at once versus having to negotiate with each lender individually. It is a lot of work, and it won’t help you avoid your home loan. Every lender has its own process that it follows for bankruptcies. If you are considering bankruptcy, our advice would be to get professional help.

2. Reaffirm

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. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

3. MHA Program

You might be able to participate in the MHA program if your home loan qualifies. 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 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.

Be prepared to deal with a lot of paperwork because as I am sure you’re aware MHA is a government program. This “free” money is not completely free… you’ll have to pay for it with your time and energy.

4. Negotiate

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 bank loan payments. It’s in the realm of possibilities if you work hard and negotiate with your lender.

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 home 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 a decathlon, after an iron man. You have to be relentlessly persistent. You have to be willing to let your pride go out the window. You are going to have to call, call again and again and again, and email. When you feel fed up and think ” they are not trying to help me” you are going to have to swallow It and call again. Don’t sabotage yourself by being impolite. Try not to come across as entitled, 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 property for the long term.

If “come hell or high water” you have no plans of leaving your house, then bank on the fact that most lenders can be forgiving. If you only missed a handful of payments, and want to keep your house, then sometimes the mortgage lender will just add the missed mortgage payments back onto your loan. Your entire home loan balance is pennies to them. Not even a grain of sand in the Sahara. Let them know that you need assistance and that at the end they’ll end up making a lot more money in the future. The last thing they want to do is take your property because they would miss out on a lot of money. If you will meet them halfway they will try to figure something out with you.

It sounds obvious, but for some reason lenders apparently, forget it when they say no to a homeowner in crisis.

5. Throw in the towel & Sell to Atlanta Investor

We can help if you’re behind on your payments and need to sell your Atlanta house. If you do not want to go into foreclosure but just need a little breathing room, in some circumstances we can assist you.

Glymph Properties work with house owners in Atlanta, Georgia to find solutions to property foreclosure problems.

Do not be concerned. 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 30319, we should be able to help you. We buy homes in Atlanta like yours extremely fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or have a look at our web site now- http://www.GPBuyshomes.com!

Glymph Properties is very happy to help you find answers to your hardest questions regarding selling a house extremely fast in Atlanta, Georgia, so please feel free to 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

Visit our website -See how we buy propertys fast!

Check out our articles to educate sellers!

www.gpbuyshomes.com/blog

We are interested in purchasing houses within 75 miles of the following zip codes: 30301, 30303, 30304, 30305, 30306, 30307, 30308, 30309, 30310, 30311, 30312, 30313, 30314, 30315, 30316, 30317, 30318, 30324, 30325, 30326, 30327, 30331, 30334, 30336, 30345, 30354, 30363, 30369, 39901.

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

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Check out our investment blog!

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Trying to find a rent to own home… take a look at our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

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