Please help, I am behind in my mortgage payments in Wichita, Kansas!
Missed several bank loan payments? Late on your house loan…Browse through this article for a few tips on what you can do to prevent and avoid foreclosure.
Worst nightmare. We hear the stories all the time about the sense of imminent doom that consumes homeowners when they miss a couple of house loan payments in a city like Wichita, Kansas that’s known to have a remarkably high foreclosure rate.
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 is not like life’s bills just stop coming. If anything, when you are behind it just feels like more bills come out of the woodwork.
If you’re seriously behind on bank loan payments there are a few options that can help you to avoid foreclosure in Wichita, Kansas maybe even keep your house. So many Wichita houses have been taken via foreclosure, but there are ways to avoid it.
1. Throwing in the Towel
Everyone is concerned about bankruptcy- it can be a very complicated process. However, negotiating with all of your lenders at once will relieve a ton of stress. It won’t make your bank loan evaporate, but it will put you on a path to eventually walk away. You wouldn’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 Glymph Properties 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
Doing so can buy you more time, but may come with more fines. Basically, reaffirming the loan is an additional commitment to pay. If your Wichita property is auctioned, an affirmation could cause extra responsibilities.
3. Making Home Affordable (MHA)
You might be able to participate in the MHA program if your mortgage 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.
With MHA, your house loan payments and/or interest rates might be lowered even the principal balance (if your property is worth less than you owe). You might be able to get your bank loan payments suspended or reduced if you are unemployed.
Be prepared to deal with a lot of paperwork because as I’m sure you’re aware MHA is a government program. It isn’t free money ‘ you gotta work for it.
4. Hammer out a deal
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 mortgage 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 don’t qualify for a decrease in the interest rate.
You have to work very hard to negotiate with a bank. You have to be doggedly persistent. Your pride kind of has to go out the window. You’re going to have to call, call again and again and again, fax, and email. When you feel fed up and think ” they are not trying to help me” you are going to have to swallow It and call again. No matter what happens, do not be rude. Try not to come across as needy, 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.
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 do not want to be stuck with a home that they’re not properly equipped to handle. They want you to keep your home, so you can keep paying them. Sometimes they will be willing to add a couple of months of home loan payments back onto the balance of your loan. Your entire mortgage balance is next to nothing to them. Not even a drop in the basket. Let them know that you need a little help and that in the end, they will end up earning a lot more money in the future. Banks are not in the habit of taking a loss, so they are exceptionally reluctant to foreclose on your home… they’d incur an incredible loss. They really do not want to do it.
That sounds obvious, but for some reason lenders seem to forget it when saying no to someone in need of help.
5. Sell to a local Wichita, Kansas investor
We will buy your property in Wichita if you are behind on your payments, and need to sell your Wichita property. In certain situations, we may even be able to help you stay in your house.
We work with Kansas house owners to find solutions to prevent pre-foreclosure.
We will let you know what kind of assistance we can provide.
If you have to sell a property near Wichita, Kansas, we should be able to help you. We buy Kansas houses like yours quickly.
Give us a call anytime 888-509-6267 Ext 4 or check out our web site so we can buy your Wichita property for cash- http://www.GPBuyshomes.com!
Glymph Properties is delighted to help you discover answers to your most difficult questions about selling a property very quick in Wichita, Kansas, so please feel free to call 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 Reasonable Cash Offer
We are interested in purchasing properties within 55 miles of the following zip codes: 67202, 67203, 67204, 67205, 67206, 67207, 67208, 67209, 67211, 67212, 67213, 67214, 67215, 67216, 67217, 67218, 67219, 67220, 67223, 67226, 67227, 67228, 67230, 67232, 67235.
Looking to find other high ROI properties to invest in… explore our investor website or give us a call anytime at 888-509-6267 Ext 3
Visit our investor website
Check out our investment blog!
Trying to find a rent to own property or house… check-out our rent-to-own website or give us a ring anytime at 888-509-6267 Ext 5
Check out our rent-to-own articles to prepare renters looking to buy!
If you are looking to sell a home…You may have discovered this terrific little page because you searched Bing for one of these key phrases:the top reviewed home buyers Wichita, Kansas – sell a home for cash Wichita – instantly sell my home 67207– we buy properties Wichita, Kansas – sell my house fast Wichita, Kansas – stop foreclosure 67207 – cash for houses Wichita, Kansas – sell my home fast 67207 – avoid foreclosure Wichita , Kansas – cash for my house 67207 – stop foreclosure now 67207 – stop foreclosure fast Wichita , Kansas – selling a house in probate Wichita – Stop Foreclosure Wichita – avoid foreclosure now 67207 –
If you know somebody looking to invest in real estate…You probably discovered our webpage because you searched online for one or more of the following phrases:reo properties Wichita , Kansas – bank owned properties 67207 – reo real estate 67207 – investment properties Wichita – multi-family properties for sale 67207 – discount properties Wichita – cash flow properties Wichita – high roi properties in 67207 – high roi investments in Wichita – cash houses in Wichita , Kansas – discount real estate 67207 – cash homes in Wichita , Kansas
If you need a rent -2-own property…You may have stumbled upon our terrific little website because you searched Duck Duck Go or Google for one of these phrases: for rent by owner Wichita – homes for rent by owner Wichita – real estate listings 67207 – real estate for sale Wichita , Kansas – rent to own homes in 67207 – rent to own real estate Wichita , Kansas – houses for rent to own 67207 – lease to own Wichita , Kansas – lease option Wichita – seller finance 67207 –
If you are looking for an amazing investment opportunity… You may have stumbled upon this article because you searched online for one of the following key words:private lending 67207 – hard money lending Wichita , Kansas – private money lending 67207 – trust deed investments Wichita , Kansas – buying real estate with ira Wichita – private mortgage lending Wichita , Kansas – private money lending guide Wichita , Kansas – how to be a hard money lender Wichita – ira real estate investment Wichita – invest ira in real estate Wichita – how to hard money lend Wichita , Kansas – invest money 67207