Selling your Baton Rouge house when you’re super behind on your home bank payments!

Fix Your Credit Score, Make Your Monthly Mortgage Payments, & Prevent Foreclosure!

 stop foreclosure Baton Rouge , Louisiana

Regardless of whether you’re able to pay your house loan payment, catching up on a late balance can be an overpowering challenge.

If you are significantly behind on payments there are a few options that can help you to avoid foreclosure in Baton Rouge maybe even sell your property. Quite a lot of houses in Baton Rouge, Louisiana have been lost to foreclosure, but there are countless ways to avoid it.

1. Chapter 11

No one really wants to file for bankruptcy. However, negotiating with all of your creditors at once will reduce a ton of stress. It is a whole lot of work, and it will not help you avoid your house loan. Different creditors will treat your circumstances in different ways. 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

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

3. Making House 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.

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.

Like with anything having to deal with the government MHA is a government program so there’s a ton of paperwork. This “free” money isn’t completely free… you’ll have to pay for it with your time and energy.

4. Negotiate

Most lenders offer some level of assistance. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your house 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’re a few mortgage 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. You have to be doggedly persistent. You have to be willing to let your pride go out the window. You are going to have to call, call again and again and again, and email. When you feel fed up and think ” they are not cooperating with me” you are going to have to swallow It and call again. Regardless of how frustrated you become never be rude. Ask for help from everyone you speak with, but do not sound needy. Reassure the bank that you want to live in your home long term and explain the situation and provide supporting documentation.

Here is some insight on a little realized reality… Lenders and banks are not in the real estate business they are in the mortgage origination business. They don’t want to become landlords. They don’t want you to lose your property, so you can continue paying them. Making themselves whole. Quite simply if you’ve only missed a few payments, sometimes your mortgage company will just add your missed payments back onto your balance. Overall your loan providers will more than double their initial outlay, so just ask and they’ll want to make it work with you. The last thing they want to do is take your house because they’d miss out on a bunch of money. If you’ll meet them halfway they’ll try to figure something out with you.

That sounds obvious, but for some reason, mortgage lenders seem to forget it when saying no to someone in crisis.

5. Sell to a local zip code investor

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

We work with property owners in Baton Rouge, Louisiana to find solutions to property foreclosure problems.

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

 

If you must get rid of a property near Baton Rouge, we can help you. We buy homes in Baton Rouge like yours fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here today- http://www.GPBuyshomes.com!

Our company is delighted to help you get answers to your most challenging questions regarding the Baton Rouge real estate market, so please get in touch with us at 888-509-6267 Ext 4 and chat with us anytime.

Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Good Cash Offer

Visit our website -See how it works

Check out our articles to educate sellers!

www.gpbuyshomes.com/blog

We buy homes within 50 miles of the following zip codes: 70801, 70802, 70805, 70806, 70807, 70808, 70809, 70814, 70815, 70816, 70819, 70820, 70827, 70891.

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Looking for help to find more extremely high ROI investment properties… have a look at our investor website or give us a ring anytime at 888-509-6267 Ext 3

See how investing works with Glymph Properties

Check out our investment blog!

www.gpsellshomes.com/blog

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

Visit our rent-to-own website

Have a look at our rent-to-own articles to educate renters looking to buy!

www.gprent2own.com/blog

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