PLEASE PLEASE PLEASE….contact your mortgage company ASAP and explain your situation to them! Ask if you can reinstate the loan and borrow the money or sell something to pay off the payments that are behind! MANY times the mortgage co will work with you to set something up so you can pay the back payments and catch up…..Contact the loss and mitigation dept…..If they see you are serious, they will work with you…..The last thing they want is to foreclose on your home, its expensive and time consuming….Best of luck!

i have tried to have my current mortgage co help me with this…. however they only respond with ” it only goes into effect on or about sept, oct… i believe the bill was intended for those who are currently in the foreclosure process..

my mortgage company has offered me a package to avoid foreclosure of my home. This package will leave me virtually no monies to pay any of my other outstanding debts which include my car payment – a car I need desperately in order to get to and from work – a drive of 20 miles each way. It also leaves me with little to eat on or maintain the daily expenses that life brings such as electric & gas bills. Am I better off just accepting the foreclosure and getting out of the house. And if so, what will this do to me in regards to getting any credit in the future.