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

Behind On My mortgage, But I Really Need To Sell My Property. Are There Any Local Louisville Businesses That Can Help Me!

 stop foreclosure in Louisville

Sell Your “Plain Jane” Home in Louisville Quickly!

Late on home loan? Prevent foreclosure on your Louisville, Kentucky house by reading this short article.

Falling behind on your home mortgage 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 ton of bricks with ” Louisville foreclosure” printed on it at your head.

Even in the event, you’re able to cover your monthly house loan payment, catching up on a delinquent balance can be an over-bearing challenge.

If you are behind on bank loan payments there are a few options that can help you to avoid foreclosure in Louisville maybe even keep your property. Tons of houses in Louisville have been lost to foreclosure, but there are a lot of ways to avoid it.

1. Chapter 7

Typically, this is the last thing you want to do. Debts 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 individually. It can be a complex process. It will put all your creditors on notice and help you to negotiate a settlement. Your bank loan could be one of those. With that being said… it will leave an everlasting mark on your credit history. Every lender has its own process that it follows for bankruptcies. You’d 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

Doing so can buy you more time, but may come with more fines. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

3. MHA Program

If your mortgage qualifies, you might be able to participate in MHA. 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.

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.

Be prepared to deal with a lot of paperwork because as I am sure you are aware MHA is a government program. It isn’t free money, you gotta work for it.

4. Hammer out a deal

Lots of lenders routinely offer some level of assistance. It’s possible. Get your interest rate lowered. Temporarily reduce or stop your payments. It’s in the realm of possibilities if you work hard and negotiate with your lender.

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 interest rate.

You have to work diligently to negotiate with a bank. You have to have enough patience to watch concrete dry to get through all the bureaucracy. Never, ever act rude. Try not to come across as frantic, but try to get as much help from anyone in a position to help as possible. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you’re in need of a temporary fix and want to stay in your house, a good number of banks can be forgiving. Making themselves whole. Basically, if you’ve only missed a small number of payments, sometimes your mortgage lender will just tally your missed payments back onto your balance. It is all dollars and cents to them, so remind them that you need a little bit of their patience to give them a ton of cash over the long haul. If they have to sell your property at an auction, they’ll take an enormous loss.

You would probably think that this is common sense, but bankers routinely get trapped in the emotion of the circumstance and forget about that. Simply put…Remind them.

5. Sell to a local Louisville investor

If you’re behind in your payments and need to sell fast, Glymph Properties will buy it. In certain circumstances, we may even be able to help you stay in your home.

Glymph Properties work with Louisville house owners to find solutions to house loan problems.

We’ll let you know how we can help.

 

If you have to get rid of a home near Louisville, we should be able to help you. We buy Louisville, Kentucky homes like yours quickly.

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

Our company is very happy to help you discover answers to your most difficult questions about selling a house crazy quick in Louisville, so please feel free to give us a ring at 888-509-6267 Ext 4 and chat with us at any time.

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

www.gpbuyshomes.com/sell-my-house-fast-louisville-ky -See how we buy houses fast!

Check out our blog!

www.gpbuyshomes.com/blog

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

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Looking for help to find other high ROI investment properties or land… explore 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… have a look at our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5

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

Absolutely free rent-to-own resources!

www.gprent2own.com/blog

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