Well, everyone is talking about the economy possibly reaching the start of recovery--and you're still in danger of losing your home! Something's wrong here! It's true. Houses and the various economic signs have been showing some brighter signs in the last 2-3 months. However, many people no longer showing up as unemployed are that way because they're UNDEREMPLOYED. They took any job they could find because some cash is better than none at all. However, that may still leave you in danger of not being able to pay for the mortgage. If you're having trouble, start working with your lender sooner rather than later. If you keep getting the runaround--"we're examining your case" or "it will take some more time", don't sit back and take it. Make yourself a pain in the ass. Keep pushing for some action. Even if you're denied in your application for loan mod, or short sale, you may force the issue and gain some time to work on an alternative solution. More and more banks are doing modifications and short sales, but the total is still well under 50% of all troubled loans.
Prepare all of your info, then sit down with the lender face to face whenever possible and discuss what can be done. You may be able to save your home. Don't forget the possibility of a regular sale, if your home isn't 'under water' to the loan.
For more advice< get a copy of "Save Your House From Foreclosure!". It's available at Amazon.com, or through the publisher, iUniverse.com.
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