What can you do to save your St. Louis, Missouri property when you are behind on your home loan!

I Live In St. Louis And Really Need Help: I Missed The Last Few House Loan Payments On My House!

 stopping foreclosure St. Louis , Missouri

Missed several mortgage loan payments?

Late on your house loan…Go through this post for several ideas on what you can do to prevent and avoid foreclosure.

Drowning. Hopeless. Overwhelmed. Lost cause. Alarming. That is how it feels when you need to miss a few home payments in a city like St. Louis, Missouri.

Bringing your Past-Due mortgage loan balance current can seem near impossible, especially when you don’t even know if you will be able to make this months mortgage loan payment.

If you’re behind on mortgage payments there are a few options that can help you to avoid foreclosure in St. Louis, Missouri maybe even keep your house. A good deal of homes in St. Louis, Missouri have been lost to foreclosure, but there are a number of ways to avoid it.

1. Throwing in the Towel

Everyone is afraid of bankruptcy- it is usually a very challenging process. If you’re being crushed by a load of debt, bankruptcy can be an excellent way to negotiate with lots of creditors at once. It can be a complicated process. It will put all your lenders on notice and help you to negotiate a settlement. Your mortgage could be one of those. With that being said… it will leave an everlasting mark on your credit history. Your mortgage creditor may handle the process completely different than someone else’s creditor. So there’s no way Glymph Properties could provide anyone with the exact process. 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 unforeseen consequences. If you reaffirm your commitment to make your home loan payments, you have to make your payments. If your St. Louis, Missouri property is auctioned, an affirmation could cause extra responsibilities.

3. Making property Affordable (MHA)

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

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. If you are unemployed, you might be able to get your payments temporarily suspended or reduced.

Like with anything having to deal with the government MHA is a government program so there’s a ton of paperwork. It isn’t free money, you gotta work for it.

4. Hammer out a deal with your bank

Lots of lenders routinely offer some level of assistance. 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 temporarily stop your home loan payments.

The most common approach the lenders will take is to have you refinance, but just as an FYI, by the time you’re a few bank loan payments behind you probably won’t qualify for an interest rate reduction.

Brutal. That’s the best word to describe the typical experience most people have when negotiating with their mortgage lender. You have to be relentlessly persistent. You have to be willing to let your pride go out the window. You are going to have to call, call again and again and again, and email. When you feel fed up and think ” they should be working with me” you are going to have to swallow It and call again. Don’t sabotage yourself by being rude or obnoxious. Ask for help from everyone you speak with, but do not sound distressed. Explain your situation, offer supporting documents, and reassure the lender that you want to live in your house for the long term.

If this is truly a temporary situation and doesn’t want to give up your home, most banks would probably be willing to work together with you. Sometimes they will be open to adding several months of bank loan payments back onto the balance of your loan. It’s all about the bottom line with them, so remind them that you just need their help to give them a lot more cash in the long run. Accepting a tremendous loss is not on the agenda for the mortgage lenders. They do not want to put your house into foreclosure because they know that if they put in the effort to work something out with you they will earn a significant profit in the end.

It sounds obvious, but for some reason, bankers appear to forget it when saying no to someone in need of a little leeway.

5. Contact a local St. Louis, Missouri investor

If you’re behind in your home loan payments and want to sell fast, we can buy it. In particular situations, we may even be able to help you stay in your house.

We work with property owners in St. Louis to find solutions to prevent pre-foreclosure.

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


If you must get rid of a house near St. Louis, we should be able to help you. We buy St. Louis, Missouri houses like yours extremely fast.

Give Glymph Properties a call anytime 888-509-6267 Ext 4 or fill out the form here so we can buy your St. Louis, Missouri home for cash- www.GPBuyshomes.com!

We are happy to help you get answers to your most challenging questions concerning St. Louis real estate, so please feel free to give us a ring at 888-509-6267 Ext 4 and chat with us anytime.

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

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We buy real estate in: 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 properties to invest in… head over to our investor website or give us a call anytime at 888-509-6267 Ext 3

www.gpsellshomes.com/investment-properties- St-Louis

Free investor resources!



Trying to find a rent to own home… check-out our rent-to-own website or give us a ring anytime at 888-509-6267 Ext 5

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Head over to our rent-to-own articles to educate renters looking to buy!



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