What can you do to keep your Louisville, Kentucky house from going into pre-foreclosure when you’re behind on your house loan!

Louisville: The Most Professional Local Louisville, Kentucky Businesses To Buy Your Home Even If You’re A Couple Of Bank Loan Payments Behind!

 stop my foreclosure LouisvilleLate on house loan?

Behind on your home loan…Browse through this blog for a few tips on what you can do to prevent and prevent foreclosure.

Missed several bank loan payments on my property in Louisville. ” Honestly, it feels like I can’t breathe.”

Not only paying the most recent payment, then you have to worry about playing catch-up on the mortgage loan payments you have missed and the fees… It can be complicated.

Skipped a few home mortgage payments on your Louisville, Kentucky house but want to avoid foreclosure…. there are a few things you can do to prevent it. So many Louisville houses have been stolen via foreclosure, but there are ways to avoid it.

1. Chapter 13

This is ordinarily the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It is a whole lot of work, and it will not help you avoid your mortgage. Different creditors will treat your situation in unique ways. If you’re considering bankruptcy, our advice would be to get professional help.

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 Louisville property is auctioned off, an affirmation could cause extra responsibilities.

3. Making Home Affordable (MHA)

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.

If your house is underwater, and you are accepted into the MHA program then your principal balance can be lowered as well as your interest rate. Suspended. Reduced. If you are unemployed this is definitely possible.

MHA is a government program, so be prepared to deal with lots of paperwork. It isn’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. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your bank 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 cut in interest rate.

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their bank. You have to have enough patience to watch concrete dry to get through all the bureaucracy. Don’t sink your own ship by being rude. Try not to come across as frantic, but try to get as much help from anyone in a position to help as possible. do not 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.

If this is really a temporary situation and doesn’t want to give up your property, most lenders would probably be willing to work with you. If you only missed a handful of payments, and want to keep your house, then sometimes the loan provider will just add the missed house loan payments back onto your loan. It is all about the dollars and cents with your loan provider. Ask them for their help so that you can pay them what you owe them. They won’t need to be reminded that they will end up doubling the money they lent you. Choosing to take a substantial loss isn’t on the agenda for the loan providers. They don’t want to foreclose on you because they know that if they come to terms with you they’ll earn a huge profit in the end.

That sounds obvious, but for some reason lenders frequently forget it when they say no to someone in need of a little leeway.

5. Sell to a local Louisville, Kentucky investor

If you are behind in your house loan payments and need to sell fast, we will buy it. Depending on your situation, if you would like we may even be able to help you stay in your Louisville home.

We work with Kentucky homeowners to find solutions to prevent foreclosure.

We’ll let you know what kind of assistance we can provide.


If you have to sell a property near 40207, we should be able to help you. We buy Louisville, Kentucky homes like yours fast.

Give us a call anytime 888-509-6267 Ext 4 or go to our website today- http://www.GPBuyshomes.com!

Glymph Properties is very happy to help you uncover answers to your most challenging questions about selling a house extremely easily in Louisville, Kentucky, so please get in touch with us 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

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We buy homes near: 40202, 40203, 40204, 40206, 40209, 40212, 40214, 40258, 40272.


Looking for help to find more extremely high ROI investment properties or land… head to our investor website or give us a call anytime at 888-509-6267 Ext 3

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Searching for a rent to own property or house… head over to our rent-to-own website or give Glymph Properties a ring anytime at 888-509-6267 Ext 5

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