The last domino is falling and I’m about to lose my Baltimore family property. I am late on my bank loan payments, what can I do to save it?

I Live In Baltimore And Really Want Help: I Missed The Last Few House Loan Payments On My Home!

 cash for houses Baltimore , Maryland

Missed a couple of mortgage loan payments?

Missed a number of payments and need a few techniques to prevent and avoid foreclosure on your Baltimore home then look over this article.

Falling behind on your house bank loan is like treading water in the middle of the Bermuda Triangle while being circled by sharks, having a person In the only life raft on the face of the planet throw a ton of bricks with “Baltimore, Maryland foreclosure” printed on it at your head.

Even if you’re able to make your monthly mortgage loan payment, catching up on a past due balance can be an overwhelming challenge.

If you are in Baltimore and behind on a few payments, there are a few things you can do to avoid foreclosure. So many Baltimore, Maryland houses have been lost via foreclosure, but there are numerous ways to avoid it.

1. Signaling with the white flag

Everyone is concerned about bankruptcy- it could be a very complex process. Bills piling up. You feel like you’re being crushed. Bankruptcy will allow you to lift that burden all at once versus having to negotiate with each lender one on one. It’s a lot of work, and it won’t help you avoid your home loan. Your mortgage lender may handle the process completely different than someone else’s lender. So there is no way Glymph Properties could provide anyone with the exact steps. 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 can be a good card to play, but it may come with some unseen penalties. If you reaffirm your commitment to make your bank loan payments, you have to make your payments. In some states where it is allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making Home Affordable (MHA)

If your mortgage 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.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. 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 is a ton of paperwork. It ain’t 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 situations just like this. It’s going to be tough and take a lot of work… but you may be able to get your interest rate reduced and/or temporarily reduce or pause your payments.

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 payments behind you probably won’t qualify for an interest rate reduction.

You have to work really hard to negotiate with a bank. Perseverance. Tenacity. Self-discipline. You have to have them all in order to get through all the red tape. Regardless of how frustrated you become never be rude. Ask for help from everyone you speak with, but don’t sound frantic. 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 home because you plan on living there long term.

If you’re in need of a quick fix and want to stay in your property, almost all lenders can be forgiving. Sometimes they would be willing to add a number of months of payments back onto the primary balance of your loan. Overall your lenders will more than double their initial investment, so just talk to them and they’ll want to work it out with you. Accepting a significant loss isn’t on the agenda for the lenders. They do not want to put your house into foreclosure because they know that if they work a deal out with you they will earn an enormous profit in the end.

The logic is sound and based on facts, but bankers routinely get caught up in the passion of the circumstance and forget about that. Simply put…Remind them.

5. Borrow money from a private investor

Glymph Properties will help if you’re behind on your payments and need to sell your Baltimore, Maryland house. If you do not want to go into foreclosure but just need a little assistance, in some cases, we can assist you.

We work with Baltimore house owners to find solutions to property foreclosure problems.

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


If you really need to sell a house near 21215, we can help you. We buy homes in Maryland like yours fast.

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


Our company is delighted to help you discover answers to your toughest questions regarding Baltimore, Maryland property, so please give us a ring at 888-509-6267 Ext 4 and chat with us whenever.

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We are interested in obtaining properties in: 21201, 21202, 21205, 21206, 21210, 21211, 21212, 21213, 21214, 21215, 21216, 21217, 21218, 21223, 21224, 21226, 21229, 21230, 21231, 21239.


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