foreclosure assistance, stop foreclosure If you need to stop foreclosure, the best thing you can do is call your bank and see if they won't work with you by either lowering your payments with a principal adjustment or drop your interest rates. No one wants to lose their home, and they might be able to offer foreclosure assistance to you. There are way too many foreclosed homes sitting on the books right now, and they're dragging down the whole economy, so banks now know that they don't need to jump the gun to get your home because they'll probably sit on it for months anyway, after you leave.

If your position is a financial setback that is temporary, chances are, they will be willing to work with you. You might be able to make lower payments for a while, and then when your situation improves, pay back the balance that you owe them over time. Or you might be able to refinance, although that is not a common option these days. Once you get into trouble with your loan, banks get cold feet about giving you a mortgage with a lower interest rate. But they may be willing to set up an agreement with you on a temporary basis that will help you past a difficult period. It doesn't hurt to try to get foreclosure assistance from them.