{"id":2482,"date":"2019-09-08T00:00:00","date_gmt":"2019-09-08T07:00:00","guid":{"rendered":"https:\/\/chrisbuyshomesstlseller.carrot.com\/?p=2482"},"modified":"2019-09-08T00:00:00","modified_gmt":"2019-09-08T07:00:00","slug":"help-im-behind-in-my-mortgage-payments-in-ellisville-mo","status":"publish","type":"post","link":"https:\/\/www.chrisbuyshomesstl.com\/blog\/help-im-behind-in-my-mortgage-payments-in-ellisville-mo\/","title":{"rendered":"30. Help, I\u2019m Behind In My Mortgage Payments In Ellisville, MO – Chris Buys Homes in St. Louis"},"content":{"rendered":"

We Buy Houses In Ellisville, Missouri<\/a>. When you fall behind on your mortgage payments<\/strong><\/em> on your MO home, it can feel like you\u2019re drowning in debt. Even if you\u2019re able to make your monthly payment, catching up on a past due\u00a0balance can be an overwhelming challenge.<\/p>\n

As homebuyers in Missouri, we have a few options that can help you to avoid foreclosure<\/a> in Ellisville, MO,<\/strong><\/em> and maybe even keep your property, even if you\u2019re seriously behind in payments. We pay cash for houses in Ellisville from residents who are facing foreclosure and need to sell fast. Lots of properties in Ellisville, MO have been lost to foreclosure, but there are many ways to avoid it.<\/p>\n

5 Things You Can Do To Avoid Foreclosure In Ellisville, MO<\/h2>\n

1. Bankruptcy in Missouri<\/h2>\n

This is usually the tool of last resort. If you\u2019re being crushed by lots of debt,\u00a0bankruptcy<\/a> can be a good way to negotiate with lots of lenders at once. It\u2019s\u00a0a lot of work, and it won\u2019t help you avoid your mortgage. Different lenders\u00a0will treat your circumstances in unique ways. You\u2019d benefit from serious\u00a0professional help \u2013 the best you can afford.<\/p>\n

2. Reaffirm your MO property<\/h2>\n

This can be a good card to play, but it may come with some unseen penalties.\u00a0Basically, reaffirming the loan is an additional commitment to pay. In some\u00a0states where it\u2019s allowed, an affirmation can create additional liabilities if\u00a0your property is auctioned.<\/p>\n

3. Making Home Affordable (MFA) in Ellisville<\/h2>\n

If your mortgage qualifies, you might be able to participate in MHA<\/a>. Any\u00a0loans backed by Fannie Mae or Freddie Mac must be considered for MHA,\u00a0and other lenders choose to participate in MFA.<\/p>\n

With MFA, your payments and\/or interest rates might be lowered \u2013 even the principal balance (if your home is worth less than you owe). If you\u2019re unemployed, you might be able to get your payments temporarily suspended or reduced. MFA is a government program, so be prepared to deal with lots of\u00a0paperwork. It ain\u2019t free money \u2013 you gotta work for it.<\/p>\n

4. Negotiate with your bank in Ellisville, Missouri<\/h2>\n

Lots of lenders routinely 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 payment. Most of the time, lenders will want to steer you to refinance your loan \u2013 but\u00a0by the time you\u2019re a few payments behind, you probably don\u2019t qualify for a\u00a0reduction in interest rate.<\/p>\n

You have to work really hard to negotiate with a bank. Usually, it takes lots\u00a0of calls and the patience of a saint to get through the bureaucracy. Never,\u00a0ever act rude. Ask for help from everyone you speak with, but don\u2019t sound\u00a0desperate. Explain your situation, offer supporting documents, and reassure\u00a0the bank that you want to live in your home for the long term.<\/p>\n

If you\u2019re in need of a temporary fix and want to stay in your home, most banks can be forgiving. Sometimes they\u2019ll be willing to add a few months of payments back onto the primary balance of your loan. It\u2019s all dollars and cents to them, so remind them that you need their help to give them a lot more money in the long run. If they have to sell your property at a foreclosure auction, they\u2019ll take a huge loss.<\/p>\n

That sounds obvious, but for some reason, bankers seem to forget it when\u00a0saying no to someone in need of help.<\/p>\n

5. Borrow money from a private investor:<\/h2>\n

If you\u2019re behind on your payments and need to sell fast, we can help. In certain circumstances, we may even be able to help you stay in your home. We work with homeowners in Ellisville, MO to find solutions to foreclosure\u00a0problems<\/strong>. We\u2019ll let you know how we can help.<\/p>\n

Sell My House In Ellisville, MO<\/h2>\n

You can bypass all these steps quickly and easily by selling your property to local Missouri home buyers for cash. At Chris Buys Homes in St. Louis<\/a>, that’s exactly what we specialize in buying homes fast. Homeowners who simply don’t want the struggle in catching up on the past due balance of mortgage payments but just want to sell their property quickly can do so with one phone call to (314) 334-1481<\/strong>. Sell your house in St. Louis<\/a> directly to us!<\/p>\n

Give us a call now at (314) 334-1481 or
\nfill out the form on this website<\/span><\/strong> to get started<\/span><\/strong>.<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

We Buy Houses In Ellisville, Missouri. When you fall behind on your mortgage payments on your MO home, it can feel like you\u2019re drowning in debt. Even if you\u2019re able to make your monthly payment, catching up on a past due\u00a0balance can be an overwhelming challenge. As homebuyers in Missouri, we have a few options […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[22],"tags":[34,100],"class_list":["post-2482","post","type-post","status-publish","format-standard","hentry","category-sellers","tag-behind-on-mortgage","tag-sell-my-house-fast"],"_links":{"self":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts\/2482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/comments?post=2482"}],"version-history":[{"count":0,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts\/2482\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/media?parent=2482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/categories?post=2482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/tags?post=2482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}