Pay attention if you want to prevent foreclosure in Fresno

In Fresno, California And Seriously Want Help: I Haven’t Paid The Last Few House Loan Payments On My House!


Late on bank loan? Surprisingly… you can avoid foreclosure in Fresno even with many missed home payments.

When you fall behind in your bank loan payments on your Fresno property, it can feel like you are being consumed by debt.

Bringing your Past-Due house loan balance current can feel close to impossible, especially when you don’t even know if you are going to be able to make this months mortgage loan payment.

If you are in Fresno and behind on a few mortgage payments, there are a few things you can do to avoid foreclosure. Lots of houses in Fresno, California have been lost to foreclosure, but there are many ways to avoid it.


1. Personal bankruptcy

Most see bankruptcy as the very last option. If you’re being crushed by a load of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It won’t make your home loan go away, but it will put you on a path to eventually walk away. You wouldn’t come out unscathed, but you will survive. Different lenders will treat your situation 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:

Doing so can buy you more time, but may come with more fines. If you reaffirm your commitment to make your house loan payments, you have to make your payments. If your Fresno, California property is auctioned, an affirmation could cause extra responsibilities.


3. Making property Affordable (MHA)

You might be able to participate in the MHA program if your mortgage 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.

With MHA, your home loan payments and/or interest rates might be lowered even the principal balance (if your home is worth less than you owe). Suspended. Reduced. If you are unemployed this is definitely possible.

Like with anything having to deal with the government MHA is a government program so there’s a ton of paperwork. It ain’t free money ‘ you gotta work for it.


4. Negotiate

Call your lender. You’ll learn that nearly all of them have some sort of assistance for this very issue. 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 loan payment.

Most of the time, lenders will want to steer you to refinance your loan, but by the time you’re a few payments behind, you probably do not qualify for a decrease in interest rate.

You have to work really hard to negotiate with a bank. You have to be relentlessly persistent. You have to be willing to let your pride go out the window. You’re going to have to call, call again and again and again, and email. When you feel fed up and think ” they should be working with me” you are going to have to swallow It and call again. Never, ever act rude. Try not to come across as desperate, 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 your situation and provide supporting documentation.

If this is genuinely a short-term situation and does not want to give up your house, most lenders would probably be willing to work with you. Making themselves whole. Basically, if you’ve only missed a couple of payments, sometimes your lender will just compile your missed payments back onto your balance. Your entire home loan balance is practically nothing to them. Not even a grain of sand in the Serengeti. Point out that you need a little patience, and that ultimately they will end up making a lot more revenue in the future. The last thing that the banking institutions want to do is take your home because they’d lose a heap of money. If you’ll meet them midway they’ll work with you.

That sounds obvious, but for some reason, bankers frequently forget it when saying no to someone in need of a little leeway.


5. Sell to a local zip code investor

If you’re behind in your house loan payments and want to sell fast, Glymph Properties can buy it. Depending on your circumstances, if you would like we may even be able to help you stay in your Fresno property.

We work with Fresno homeowners to find solutions to prevent foreclosure.

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


If you need to get rid of a house near Fresno, California, we should be able to help you. We buy homes in Fresno like yours quickly.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here today-!

We’re delighted to help you discover answers to your toughest questions regarding Fresno properties, so please feel free to get in touch with us 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 Fast, Fair Cash Offer -See how it works

Check out our articles to educate sellers!

We buy homes in: 93650, 93701, 93702, 93703, 93704, 93705, 93710, 93711, 93721, 93722, 93726, 93728, 93730.


Are you looking to find more extremely high ROI investment properties or land… pay a visit to our investor website or give us a call anytime at 888-509-6267 Ext 3

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Trying to find a rent to own property… 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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