Read if you want to prevent foreclosure in Miami, Florida

I Missed One Or Two Mortgage Payments On My Miami House – I Seriously Want Guidance!

 Sell a home for cash in 33122

Thank the Lord! Just Sold My Miami Property.

Missed several house loan payments? Missed a few payments and need a few ideas to prevent and avoid foreclosure on your Miami, Florida property then look over this article.

Drowning. Impossible. Overloaded. Fed-up. Frustrating. That’s how you feel when you get behind on your home loan in a city like Miami, Florida.

Even in the event, you’re able to cover your home loan payment, catching up on a past due balance can be an over-bearing challenge.

There are a few choices that can help you to avoid foreclosure in Miami, Florida and maybe even keep your house, even if you are seriously behind on bank loan payments. A good deal of properties in Miami have been lost to foreclosure, but there are several ways to avoid it.

1. Chapter 11

Most people see bankruptcy as the absolute last option. However, negotiating with all of your creditors at once will alleviate a ton of stress. It will not make your bank loan disappear altogether, but it will put you on a path to eventually walk away. You won’t come out unscathed, but you will survive. Your mortgage creditor may handle the process completely different than someone else’s creditor. So there’s no way we could provide anyone with the exact steps. 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 unseen 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

If your mortgage 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 is up to their discretion whether or not they participate in the MHA program.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. If you are unemployed, you might be able to get your mortgage 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 is free money, but you’ll have to jump through some hoops to get it.

4. Hammer out a deal

Lots of lenders routinely offer some level of assistance. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your home 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 house loan payments behind you probably won’t qualify for an interest rate reduction.

Brutal. That is the best word to describe the typical experience most people have when negotiating with their mortgage lender. Persistence. Tenacity. Self-discipline. You have to have them all in order to get through all the red tape. Do not sink your own ship by being 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 house long term and explain the situation and provide supporting documentation.

If you seriously want to stay in your Miami house and make amends with the bank, just let them know. Your mortgage company is exceedingly forgiving as long as you are willing to work with them. Playing catch up. Quite simply if you have only missed one or two payments, sometimes your mortgage company will just compile your missed payments back onto your balance. Your home loan balance is practically nothing to them. Not even a grain of sand in the Arabian Desert. Let them know that you need assistance and that at the end they’ll end up earning a lot more money in the long run. Banks are not in the habit of losing profits, so they are remarkably hesitant to foreclose on your property… they would take a major loss. They do not want to do it.

You would probably think that this is common sense, but mortgage lenders routinely get stuck in the emotion of the circumstances and disregard that. Simply put…Remind them.

5. Throw in the towel & Sell to an investor 

If you are behind in your bank loan payments and need to sell fast, we can help. Depending on your circumstances, if you would like we may even be able to help you stay in your Miami home.

Glymph Properties work with house owners in Miami, Florida to find solutions to prevent pre-foreclosure.

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


If you have to get rid of a home near Miami, Florida, we can help you. We buy homes in Florida like yours quickly.

Give us a call anytime 888-509-6267 Ext 4 or pay a visit to our website now-!

Our company is glad to help you discover answers to your most challenging questions concerning selling a house extremely easily in Miami, Florida, so please get in touch with 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 Reasonable Cash Offer

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We buy properties in: 33102, 33125, 33126, 33127, 33128, 33129, 33130, 33131, 33132, 33133, 33135, 33136, 33137, 33138, 33142, 33144, 33145, 33149, 33150, 33194.


Looking for help to find other 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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