Numerous times, it appears help arrives too late in a foreclosure situation to be of much service towards the homeowners faced with the loss of a home. A new job, higher salary, lottery winnings, or long-lost inheritance may possibly be welcome gifts, but if they come too late to save the residence, they can be really bittersweet. Particularly within the case of repairing the financial situation and overcoming the hardship by obtaining much better employment, homeowners might anticipate far more from their improved position than is realistic.

My wife lost her job 1yr ago and they were starting foreclosure process on our house. She Got another job shortly after. Everything was fine until 3 weeks ago. She got real sick and she was out and then they fired her 4 days ago. They did not pay her anything. Mortgage payment was due today. We don’t live there anymore and are staying with friends in another state. Is their anyway we can avoid foreclosure at all? Or will foreclosure be a good thing? I have no idea what to do. Until she gets better and finds a job, my teacher salary cant cover the payment. We have 3 kids and have had our house on the market for for 1 and 1/2 years….in Atlanta area. My credit is already shot…how will this affect it?