Please Help Save My House! I’m Severely Behind On My San Francisco, California home loan.

I Missed Several Payments On My San Francisco, California Property – I Seriously Need Assistance!

 stop foreclosure fast in San Francisco

Sell Your “OK” Home in California ASAP!

Missed several mortgage loan payments? Missed a number of payments and need a few techniques to prevent and avoid foreclosure on your San Francisco property then go through this article.

Being late on your house mortgage is like treading water in the middle of the Bermuda Triangle while being circled by sharks, having a person In the only life raft on the face of the planet throw a ton of bricks with ” San Francisco foreclosure” printed on it at your head.

Bringing your Past-Due mortgage balance current can feel almost impossible, especially when you do not even know if you will be able to make this months home loan payment.

Late on a few home mortgage payments on your San Francisco house but want to avoid foreclosure…. there are a few things you can do to prevent it. Lots of houses in San Francisco, California have been lost to foreclosure, but there are many ways to avoid it.

 

1. Chapter 11

This is ordinarily the 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 won’t make your mortgage disappear, 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:

This can be a good card to play, but it may come with some unforeseen consequences. 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

If your bank loan qualifies, you might be able to participate in MHA. 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 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.

MHA is a government program, so be prepared to deal with lots of paperwork. 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 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 house loan payment.

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

Brutal. That is the best word to describe the typical experience most people have when negotiating with their mortgage lender. You have to have enough patience to watch concrete dry to get through all the bureaucracy. No matter what happens, do not be rude. Ask for help from everyone you speak with, but do not sound frantic. don’t give up. Explain your situation. Offer any supporting documents you have. Most importantly, let the bank know that you are fighting for your property because you plan on living there long term.

Let me let you in on a little fact. Mortgage lenders are not in the real estate business they are in the mortgage origination business. They do not want to be stuck with a property that they’re not properly equipped to handle. They want you to keep your home, so you can continue paying them. Sometimes they would be open to adding a handful of months of bank loan payments back onto the primary balance of your loan. It is all about the revenue with your loan provider. Ask them for their assistance so that you can send them what you owe. They will not need to be reminded that they will end up doubling the money they lent you.. Banks are not in the habit of taking a loss, so they are remarkably reluctant to foreclose on your property… they would incur a major loss. They really do not want to do it.

If a lender can say no to someone like you who needs their assistance, then realistically they have forgotten how their business turns a profit and just need a little help remembering.

 

5. Sell to a local zip code investor

If you are behind in your house loan payments and want to sell fast, Glymph Properties can help. In specific situations, we may even be able to help you stay in your home.

We work with house owners in San Francisco, California to find solutions to home loan problems.

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

 

If you have to get rid of a home near 94108, we can help you. We buy homes in San Francisco, California like yours fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or head over to our site now- http://www.GPBuyshomes.com!

Our company is very happy to help you discover answers to your most challenging questions regarding San Francisco real-estate, so please feel free to give us a ring at 888-509-6267 Ext 4 and chat with us at any time.

Fill out this form or give Glymph Properties a call anytime at 888-509-6267 Ext 4 for a Fast, Fair Cash Offer

www.gpbuyshomes.com/sell-my-house-fast-san-francisco -See how we buy houses fast!

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We are interested in purchasing properties near: 94102, 94103, 94104, 94105, 94107, 94108, 94109, 94110, 94111, 94112, 94114, 94115, 94116, 94117, 94118, 94121, 94122, 94123, 94124, 94127, 94131, 94132, 94133, 94134, 94158.

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Do you need to find more extremely high ROI investment properties or land… take a look at our investor website or give us a call anytime at 888-509-6267 Ext 3

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Are you searching for a rent to own house… explore our rent-to-own website or give Glymph Properties a call anytime at 888-509-6267 Ext 5

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Understand more about the San Francisco, California real estate from Zillow: http://files.zillowstatic.com/research/public/realestate/ZHVI.San%20Francisco.395057.pdf

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