Tampa, Florida Foreclosure: How can I stop it?

Behind On My mortgage, But I Really Need To Sell My House. Can You Recommend Any Local Tampa, Florida Investors That Can Help Me!

 Sell my home fast in 33606


Missed several mortgage payments? Whether you believe it or not… you can stop foreclosure in Tampa, Florida even with many missed house payments.

Drowning. Hopeless. Overloaded. Fed-up. Scary. That’s how everyone feels when you get behind on your home mortgage loan in a city like Tampa.

Not just paying the most recent payment, then you have to worry about playing catch-up on the payments you’ve missed and the fees… It can be tricky.

Skipped a few home bank loan payments on your Tampa house but want to avoid foreclosure…. there are a few things you can do to prevent it. So many Tampa properties have been taken via foreclosure, but there are several ways to avoid it.

1. Chapter 7

No one really wants to file for bankruptcy. If you are being crushed by a load of debt, bankruptcy can be an easy way to negotiate with lots of lenders at once. It is a complicated process. It will put all your lenders 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. Your mortgage creditor may handle the process completely different than someone else’s creditor. So there is no way Glymph Properties could provide anyone with the exact process. You would benefit from serious professional help, the best you can afford.

2. Talk to your lenders – let them know you will definitely continue paying your loan as soon as possible

This could be a great way to keep the “hounds at bay”, but this could come with unforeseen problems. Basically, reaffirming the loan is an additional commitment to pay. If your Tampa property is auctioned off, an affirmation could cause extra responsibilities.

3. Making House Affordable (MHA)

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 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’re 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. This “free” money is not completely free… you’ll have to pay for it with your time and energy.

4. Negotiate

Most lenders 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 home loan payment.

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

You have to work really hard to negotiate with a bank. You have to be relentlessly 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 trying to fleece me” you are going to have to swallow It and call again. Never, ever be rude. Ask for help from everyone you speak with, but don’t sound distressed. 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 house because you plan on living there long term.

Let me let you in on a little known secret… Lenders and banks aren’t in the real estate business they are in the mortgage origination business. They do not want to become landlords. They do not want you to lose your house, so you can keep paying them. Sometimes they will be open to adding a handful of months of bank loan payments back onto the balance of your loan. It is all dollars and cents to them, so remind them that you need a little bit of their assistance to give them a lot more revenue in the long haul. Choosing to take a huge loss isn’t on the agenda for the lenders. They do not want to foreclose on you because they know that if they put in the effort to come to terms with you they will earn a significant profit in the end.

It sounds obvious, but for some reason lenders frequently forget it when they say no to someone in crisis.

5. Give up & Sell to an investor that works in Tampa 

If you’re behind in your house loan payments and really need to sell fast, we can buy it. In particular situations, we may even be able to help you stay in your property.

We work with Florida homeowners to find solutions to foreclosure problems.

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


If you need to get rid of a house near Tampa, we should be able to help you. We buy homes in Tampa like yours extremely fast.

Give us a call anytime 888-509-6267 Ext 4 or stop by our site so that we can buy your Tampa home for cash- http://www.GPBuyshomes.com!

We are delighted to help you find answers to your most difficult questions regarding the Tampa, Florida real estate market, so please get in touch with us at 888-509-6267 Ext 4 and chat with us at any time.

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

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We are interested in purchasing properties in: 33602, 33603, 33604, 33605, 33606, 33607, 33609, 33611, 33612, 33616, 33629, 33647.


Do you need to find more high ROI properties to invest in… head over 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… head over to our rent-to-own website or give Glymph Properties a call anytime at 888-509-6267 Ext 5

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