Pay attention if you hope to avoid foreclosure in St. Petersburg, Florida

Behind On My Bank Loan, But I Really Need To Sell My Property. Can You Recommend Any Local St. Petersburg, Florida Companies That Can Help Me!

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Missed several home loan payments? Prevent foreclosure on your St. Petersburg, Florida property by reading this blog.

When you go into default in your mortgage loan payments on your St. Petersburg property, it can feel like you’re being consumed by debt.

Even when you can pay your monthly mortgage payment, catching up on a delinquent balance can be an over-bearing challenge.

If you are behind on mortgage loan payments there are a few options that can help you to avoid foreclosure in St. Petersburg maybe even keep your property. So many St. Petersburg, Florida properties have been lost via foreclosure, but there are numerous ways to avoid it.

1. Bankruptcy

No one really wants to file for bankruptcy. 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 won’t make your mortgage loan evaporate, but it will put you on a path to eventually walk away. You are not going to come out unscathed, but you will survive. Your mortgage lender may handle the process completely different than someone else’s creditor. So there is no way Glymph Properties could provide anyone with the exact process. If you are considering bankruptcy, our advice would be to get professional help.

2. Talk to your lenders – let them know you will definitely continue paying your loan as soon as possible

This can be a good card to play, but it may come with some unforeseen consequences. If you reaffirm your commitment to make your house loan payments, you have to make your payments. If your St. Petersburg, Florida property is auctioned off, an affirmation could cause extra responsibilities.

3. MHA Program

If your mortgage 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’re unemployed, you might be able to get your home loan payments temporarily suspended or reduced.

Be prepared to deal with a lot of paperwork because as I’m 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. Talk with your bank

Call your lender. You’ll learn that nearly all of them have some sort of assistance for situations just like this. 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 payment.

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’re looking for is a temporary break from mortgage payments then this could work. But… just be aware that ordinarily by the time that you’re several payments behind you won’t qualify for a lower interest rate which is where the long term home loan savings are.

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their bank. 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 frantic, 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 you sincerely want to stay in your St. Petersburg house and make “nice” with the bank, just make them aware of the situation. Your lender is exceptionally flexible as long as you’re willing to play ball with them. Playing catch up. Quite simply if you have only missed a couple of payments, sometimes your loan provider will just add your missed payments back onto your balance. It’s all dollars and cents to them, so remind them that you need their assistance to give them a ton of money in the long haul. The last thing that the loan companies want to do is take your house because they’d lose a heap of money. If you’ll meet them midway they will make it work with you.

The logic is sound and based on facts, but occasionally the lenders get caught in the emotion of the circumstances and overlook that. Simply put…Help remind them.

5. Increase your credit rating and sell your house quickly

If you’re behind in your payments and really want to sell fast, Glymph Properties will buy it. In specific circumstances, we may even be able to help you stay in your property.

We work with homeowners in St. Petersburg, Florida to find solutions to foreclosure problems.

We’ll let you know what kind of assistance we can provide.


If you need to get rid of a home near St. Petersburg, Florida, we should be able to help you. We buy homes in St. Petersburg like yours extremely fast.

Give us a call anytime 888-509-6267 Ext 4 or fill out the form here so we can buy your St. Petersburg house for cash-!

Glymph Properties is very happy to help you get answers to your hardest questions about selling a house very fast in St. Petersburg, Florida, 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 Fast, Fair Cash Offer -See how it works

Free seller resources!

We are interested in purchasing properties in: 33701, 33702, 33703, 33704, 33705, 33710, 33711, 33712, 33713, 33716.


Looking to find other high ROI properties to invest in… check out our investor website or give us a ring anytime at 888-509-6267 Ext 3 St-Petersburg

Free investor resources!


Trying to find a rent to own property… stop by our rent-to-own website or give us a ring anytime at 888-509-6267 Ext 5

See Glymph Properties Rent-To-Own Properties

Visit our rent-to-own blog!


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