What can you do to keep your Kansas City, Missouri property from going into foreclosure when you are behind on your house loan!

Boost Your Credit Report, Make Your Mortgage Payments, & Prevent Getting Behind On Your Payments!

 selling a house in probate in Kansas City, Missouri

Late on home loan? Contrary to popular belief… you can avoid foreclosure in Kansas City, Missouri even with several late house payments.

Being late on your property bank loan is like treading water in the middle of the Indian ocean while being circled by sharks, having a person In the only life raft on the face of the planet throw a bag of rocks with ” Kansas City foreclosure” printed on it at your head.

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

There are a few options that can help you to avoid foreclosure in Kansas City, Missouri and maybe even keep your house, even if you’re behind in house loan payments. So many Kansas City, Missouri homes have been taken via foreclosure, but there are ways to avoid it.

1. Personal bankruptcy

No one really wants to file for bankruptcy. If you are being crushed by a load of debt, bankruptcy can be a great way to negotiate with lots of creditors at once. It’s a bunch of work, and it will not help you avoid your home loan. Every creditor has its own process that it follows for bankruptcies. If you’re considering bankruptcy, our advice would be to get professional help.

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 payments, you have to make your payments. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned off.

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’s up to their discretion whether or not they participate in the MHA program.

With MHA, your home loan payments and/or interest rates might be lowered even the principal balance (if your property is worth less than you owe). If you’re unemployed, you might be able to get your mortgage payments temporarily suspended or reduced.

Like with anything having to deal with the government MHA is a government program so there is a ton of paperwork. It’s free money, but you are going to have to jump through some hoops to get 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 house 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 reduction in the interest rate.

Brutal. That is the best word to describe the typical experience most people have when negotiating with their mortgage lender. Patience. Tenacity. Resolve. You have to have them all in order to get through all the red tape. No matter what happens, do not be rude. Ask for help from everyone you speak with, but don’t sound entitled. Explain your situation, offer supporting documents, and reassure the lender that you want to live in your house for the long term.

If you’re in need of a quick fix and want to stay in your house, the vast majority of lenders can be forgiving. Playing catch up. Quite simply if you have only missed a small number of payments, sometimes your lender will just compile your missed payments back onto your balance. Your entire mortgage balance is nothing to them. Not even a grain of sand in the Serengeti. Let them know that you need a little assistance and that when it’s all said and done they will end up earning a lot more money in the long run. Accepting a substantial loss isn’t on the agenda for the loan providers. They do not want to put your house into foreclosure because they know that if they put in the effort to come to terms with you they will earn a tremendous profit in the end.

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

5. Give up & Sell to Kansas City Investor

We will buy your home in Kansas City if you are behind on your payments, and need to sell your Kansas City property. In specific circumstances, we may even be able to help you stay in your property.

We work with Kansas City, Missouri homeowners to find solutions to foreclosure problems.

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

 

If you must get rid of a home near Kansas City, we should be able to help you. We buy Kansas City houses like yours quickly.

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

We are delighted to help you find answers to your hardest questions regarding the Kansas City, Missouri real estate market, so please give us a ring at 888-509-6267 Ext 4 and chat with us whenever.

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

Visit our website -See how we buy houses fast!

Free seller resources!

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We are interested in acquiring properties in: 64101, 64105, 64106, 64108, 64109, 64110, 64111, 64112, 64113, 64114, 64116, 64117, 64118, 64119, 64123, 64124, 64125, 64126, 64127, 64128, 64129, 64130, 64131, 64132, 64133, 64134, 64136, 64137, 64138, 64139, 64145, 64146, 64149, 64151, 64153, 64154, 64155, 64156, 64157, 64158, 64161, 64163, 64164, 64165, 64166, 64167.

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Looking to find other extremely high ROI investment properties or land… pay a visit to our investor website or give us a ring anytime at 888-509-6267 Ext 3

Visit our investor website

Check out our investing articles to educate investors!

www.gpsellshomes.com/blog

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Searching for a rent to own property or home… take a look at our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

www.gprent2own.com/rent-to-own- Kansas

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