There are many people across the nation in the same predicament as you. They’re either laid off or only getting less cash and are having a challenging time paying their debts including their mortgage.

You are usually past due on everything from plastic cards to utilities to your bank loan and your lender is out of patience. The lender is calling you regularly and telling you your house will become a bank foreclosed house if you do not pay up. Where is the cash going to come from, though? You just do not have it. Then the bank will go ahead with their threats and your household is in foreclosure. You get the official word from the lender through the mail.

We filed chapter 13 the day before the auction date of our home in NY and this did stop the sale. Filing chapter 13 was our only hope. Without a doubt, if our home could have been saved any other way, we would have done so. It’s a scary, nauseating situation to be in. Unfortunately, it’s not over. We still have hearings to appear at and it still has to be confirmed, and mortgage plus trustee payments must be received on time. We’ve had our home on the market since Sept. of ’07 and are naturally praying for a buyer (as we know so are thousands of other people!).
We also pray for you and your family, we wish you strength and patience through all this. God Speed.
P.S. I’d just like to add that we’ve lived in our home for 14 years and came upon financial hardship due to an illness and loss of job.