The top St. Louis, Missouri investor To Help When you’re Behind On Your house loan.

I Own A Property In St. Louis And Owe On My Mortgage, But I Want To Sell!

 stop my foreclosure in 63106

Late on house loan?

Prevent foreclosure on your St. Louis house by reading this quick post.

Sinking. Hopeless. Inundated. Done. Daunting. That’s how everyone feels when you need to miss a few home payments in a city like St. Louis.

Even in the event, you’re able to pay your monthly mortgage payment, catching up on a past due balance can be an over-bearing challenge.

If you are in St. Louis, Missouri and behind on a few house loan payments, there are a few things you can do to avoid foreclosure. A lot of properties in St. Louis have been lost to foreclosure, but there are a number of ways to avoid it.

1. Personal bankruptcy

Typically, this is the last thing you want to do. However, negotiating with all of your creditors at once will diminish a ton of stress. It will not make your mortgage go away, but it will put you on a path to eventually walk away. You will not come out unscathed, but you will survive. Your mortgage lender may handle the process completely different than someone else’s creditor. So there is no way we could provide anyone with the exact process. 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 unseen penalties. If you reaffirm your commitment to make your mortgage 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 property Affordable (MHA)

You might be able to participate in the MHA program if your bank 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.

The principal balance on your mortgage and even your interest rates may be lowered if you are eligible for the MHA program. 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. It’s free money, but you’ll have to jump through some hoops to get it.

4. Hammer out a deal

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 house loan payment.

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 bank 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 an iron man. Persistence. Tenacity. Determination. You have to have them all in order to get through all the red tape. Do not sabotage yourself by being obnoxious. It is a balancing act. Ask for help from anyone in a position to help, but don’t be critical. Reassure the bank that you want to live in your house long term and explain the situation and provide supporting documentation.

If this is truly a short-term situation and doesn’t want to give up your property, most lenders would be willing to work together with you. If you only missed a handful of payments, and want to keep your home, then sometimes the mortgage company will just add the missed home loan payments back onto your loan. Your entire mortgage loan balance is pennies to them. Not even a drop in the bucket. Remind them that you need patience, and that when it’s all said and done they’ll end up getting a lot more money in the end.. Banks are not in the habit of losing money, so they are really hesitant to foreclose on your property… they’d take a giant loss. They would really prefer not to do it.

If a banker can say no to someone like you who needs their assistance, then obviously they have forgotten how their business turns a profit and just need a little help remembering.

5. Sell to a local zip code investor

If you are behind in your payments and want to sell fast, we will buy it. In certain instances, we may even be able to help you stay in your home.

Glymph Properties work with St. Louis property 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 need to get rid of a home near 63106, we can help you. We buy homes in St. Louis like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or head over to our website so we can buy your St. Louis house for cash-!

We are delighted to help you discover answers to your most difficult questions about the St. Louis, Missouri housing market, so please feel free to call us at 888-509-6267 Ext 4 and chat with us whenever.

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 we buy properties fast!

Free seller resources!

We buy real estate within 75 miles of the following zip codes: 63101, 63102, 63103, 63104, 63106, 63107, 63108, 63109, 63110, 63111, 63112, 63113, 63115, 63116, 63118, 63120, 63139, 63147.


Do you need to find other high ROI investment properties or land… stop by our investor website or give us a ring anytime at 888-509-6267 Ext 3

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Are you looking for a rent to own house… explore our rent-to-own website or give Glymph Properties a call anytime at 888-509-6267 Ext 5

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