Please Help… I am behind on my Louisville, Kentucky house mortgage payments

In Louisville, Kentucky And Really Want Help: I Missed The Last Few House Loan Payments On My House!

 Avoid foreclosure Louisville


Despite the fact that you can make your monthly house loan payment, catching up on an overdue balance can be an overwhelming challenge.

If you are in Louisville, Kentucky and behind on a few home loan payments, there are a few things you can do to avoid foreclosure. A whole lot of houses in Louisville have been lost to foreclosure, but there are a lot of ways to avoid it.

1. Chapter 11

Most people see bankruptcy as the very last option. Debts piling up. You feel like you are being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender individually. It’s a tremendous amount of work, and it will not help you avoid your house loan. Your mortgage lender may handle the process completely different than someone else’s lender. 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. 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. In some states where it is 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. If you have a loan backed by Freddie Mac or Fannie Mae then you have to be considered for the MHA. However, if you have another lender then it’s up to their discretion whether or not they participate in the MHA program.

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. If you are unemployed, you might be able to get your house loan payments temporarily suspended or reduced.

MHA is a government program, so be prepared to deal with lots of paperwork. This “free” money isn’t completely free… you’ll have to pay for it with your time and energy.

4. Hammer out a deal

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 mortgage payment.

If there is even the slightest chance that lenders can make money from your situation they will steer you towards refinancing. If you can afford it, and all you’re looking for is a temporary break from mortgage loan payments then this could work. But… just be aware that ordinarily by the time that you are several payments behind you won’t qualify for a lower interest rate which is where the long term home loan savings are.

Negotiating with the bank is like running a marathon, after a marathon, after a decathlon, 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. It can be a balancing act. Ask for help from anyone in a position to help, but do not be desperate. Reassure the bank that you want to live in your home long term and explain the situation and provide supporting documentation.

If you really want to stay in your Louisville property and make amends with the bank, just let them know. Your mortgage company is exceptionally understanding as long as you’re willing to work with them. Making themselves whole. Pretty much if you’ve only missed a handful of payments, sometimes your mortgage lender will just add the sum of your missed payments back onto your balance. Ultimately your loan providers will more than 2x their cash outlay, so just ask and they will want to make it work with you. Banks are not in the habit of losing profits, so they are really reluctant to foreclose on your house… they’d wind up incurring a giant loss. They would prefer not to do it.

If a banker can say no to someone like you who needs their assistance, then obviously they’ve overlooked how their industry turns a profit and just need a little help remembering.

5. Contact a local Louisville, Kentucky investor

We will help if you’re behind on your payments, and need to sell your Louisville, Kentucky house. In specific instances, we may even be able to help you stay in your property.

We work with Kentucky house owners to find solutions to mortgage problems.

Give Glymph Properties a call and we will see what we can do for you!


If you must get rid of a property near Louisville, we can help you. We buy Louisville homes like yours quickly.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here so we can buy your Louisville, Kentucky property for cash-!

Glymph Properties is very happy to help you get answers to your most difficult questions about selling a property extremely quickly in Louisville, Kentucky, so please give us a ring at 888-509-6267 Ext 4 and chat with us 24/7/365.

Fill out this form or give Glymph Properties a call anytime at 888-509-6267 Ext 4 for a Good Cash Offer -See how it works

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We are interested in obtaining properties in: 40202, 40203, 40204, 40206, 40209, 40212, 40214, 40258, 40272.


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