I am not in foreclosure yet, but I recently lost my position and we have very little savings so I don’t know that I will be able to save my house. We just got into our home in July and then my company lost a major account and I was out of work. I am doing sales now, but that is commission based and slow to pay. I have no equity in my home per se, and i live in California. I guess I’m wondering with the market the way it is, it might be better to walk away and try again in a few years.

I was forced to work part-time because of a tick bite and I was striken with Lyme dieaease. I didn’t think a small insect could do some much harm. Any way, my husband works 24/7, but that is not enough and now we might loose our home. We tried to talk with our mortage co., and we even tried for a hardship loan which was suggested by our own company. They told us NOT to pay our payments for a couple of months and that way it would look even better for the hard ship loan. Then they turned us down and now we are 4 months behind. Little did we know that, I guess some mortage co. will do that so you get behind and loose your house to them. That’s awful!! Anyway, if any one knows of someone that could help either stop the foreclosure (with no money down) or of another way to save our home I would really appreciate it. Thanks!

I heard a person can surrender the keys to their home and sign the deed over to the mortgage lender to avoid foreclosure. Is this true? I guess this is seen on teh credit report still as a foreclosure, but it saves the lender some cost and you don’t go through as much pain and they forgive the debt. is this true???