Of course, if you turn on the news or read any newspaper, you’ll undoubtedly believe there is a crisis, but is it more news and media hype than an actual problem? Don’t get me wrong, I believe one person in foreclosure is a crisis, but a crisis for that family, not America. In my business, we help foreclosure victims stop foreclosure and we’ve been doing it for almost 12 years, so I do have some experience in the industry. Today we can help about 80% of our clients save their home from foreclosure; the lenders are more cooperative with us, there are more options available, and the investors are more willing to negotiate. So even if there are more people in foreclosure, it’s my opinion that (when the proper steps are taken to stop foreclosure) foreclosure is less of a problem than it’s ever been in the past. If anything, this sudden surge of foreclosure victims is exactly what we needed to force the lenders, servicers, and investors to help homeowners with more affordable payments and lower interest rates.

If you are in foreclosure and you want to keep your home, there are many options available to stop the foreclosure or sheriffs sale. If you were a victim of predatory lending, then it’s possible to get a brand new loan or get your existing loan modified to a more affordable payment. If you were in an adjustable rate mortgage, then you’ll probably qualify for a lower rate adjustment. Everything depends on timing, so staying in communications with your lender and finding a mortgage or real estate professional to help is key. Your home is probably the largest investment you’ve ever made and most people have their life savings wrapped up in their home, so make sure you find help immediately, to stop foreclosure and preserve your life savings.