St. Petersburg, Florida Foreclosure: 5 Techniques to sell your property even when extremely late on payments!

Please help, I am behind in my bank loan payments in St. Petersburg!

 Sell my property fast in 33706


Behind on mortgage? Late on your bank loan…Read through this post for a couple of recommendations on what you can do to prevent and prevent foreclosure.

Being late on your property house loan is like treading water in the middle of the Indian Bermuda Triangle while being circled by sharks, having a person In the only life raft on the face of the planet throw a boulder with ” St. Petersburg, Florida foreclosure” printed on it at your head.

Man… not only do you have to pay this month’s bill, but now you have to find a way to play catch-up and it isn’t like all the other bills in life just stop coming. If anything… when you are behind it just feels like even more bills come out of the woodwork.

If you are in St. Petersburg, Florida and behind on a few bank loan payments, there are a few things you can do to avoid foreclosure. A good deal of properties in St. Petersburg, Florida have been lost to foreclosure, but there are several ways to avoid it.

1. Throwing in the Towel

This is ordinarily the tool of last resort. Bills 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 is a complex process. It will put all your creditors on notice and help you to negotiate a settlement. Your mortgage loan could be one of those. With that being said… it will leave an everlasting mark on your credit history. Every lender has its own process that it follows for bankruptcies. Get the best professional help you can afford if you are filing bankruptcy.

2. Reaffirm

This can be a good card to play, but it may come with some unforeseen consequences. If you reaffirm your commitment to make your mortgage payments, you have to make your payments. If your St. Petersburg property is auctioned, an affirmation could cause extra responsibilities.

3. MHA Program

If your house 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 is 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 mortgage payments temporarily suspended or reduced.

MHA is a government program, so be prepared to deal with lots of paperwork. It is not 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. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your mortgage 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 home loan payments behind you probably won’t qualify for an interest rate reduction.

Negotiating with the bank is like running a marathon, after a marathon, after a decathlon, after an iron man. You have to be doggedly 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 are trying to fleece me” you’re going to have to swallow It and call again. No matter what happens, don’t be rude. Try not to come across as anxious, 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 the situation and provide supporting documentation.

If you seriously want to stay in your house and make “nice” with the bank, just let them know. Your loan company is exceedingly understanding as long as you are willing to play ball with them. Sometimes they’ll be open to adding a handful of months of payments back onto the balance of your loan. Your mortgage loan balance is practically nothing to them. Not even a grain of sand in the Sahara. Point out that you need a little assistance, and that ultimately they’ll end up earning a lot more cash in the long run. Taking a huge loss is not on the agenda for the lenders. They don’t want to put your home into foreclosure because they know that if they come to terms with you they’ll earn a massive profit in the end.

It sounds obvious, but for some reason, lenders appear to forget it when they say no to someone in need of assistance.

5. Contact a local St. Petersburg, Florida investor

We will help if you’re behind on your payments, and need to sell your St. Petersburg home. If you do not want to sell but just need a little breathing room, in some situations Glymph Properties can help you.

Glymph Properties work with homeowners in St. Petersburg to find solutions to prevent pre-foreclosure.

Don’t be anxious. Give us a call. We’ll let you know if we can help or not.


If you really need to get rid of a home near St. Petersburg, we can help you. We buy homes in Florida like yours fast.

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

Our company is very happy to help you discover answers to your hardest questions regarding the St. Petersburg, Florida housing market, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.

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