My son has been a car salesman for years and made a good living. With the economic problems, he has really been hurting! Now he is behind on his mortgage and has received a 7 day letter from his mortgage holder. He has already used up his savings. Is there some gov’t program or intervention that can save his home?

Yes, real estate investors like myself can and do work. But don’t think it is a free ride. In most cases, you can save your credit, but you most likely will lose the house.
So, you have to ask yourself what is more important? Depending on the state you live in, foreclosure can be done in 4-6 weeks. So, you have to get your head out of the sand and come to grips that a train is coming at you.
If you are in a state that takes longer, you should seriously think about selling even at a reduced price. Some money is better than none.
Have you talked with your mortgage company? If your circumstances have changed and you are now able to pay the monthly note, they may restructure and put the payments on the back end of the loan.
Where are you located?

Only if there is some profit in doing so to them. Unfortunately, most are a scam. They will get an upfront out of pocket fee from you & then you will find yourself in no better a position than you were before you paid them their scam fee. (How they make money & stay in business)
You might be better off to call your lender and ask for a loan modification. If you don’t qualify for one now, ask what it will take to qualify for one.

I have seen many ads on the web stating that they can help with foreclosures. I have a friend facing foreclosure – and may soon be myself if things don’t pick up – and she is considering replying to one of these ads