MORTGAGE HELP

Yes, there is help out there. There are also scam artists ready to rip you off and put you deeper in debt.

Your best place to start is the NATIONAL FOUNDATION FOR CREDIT COUNSELING. They are at NFCC

They will assist you in finding the best way to proceed and from whom you can get legitimate help. You may be able to obtain a loan modification or sell your home in a "short sale". Let the NFCC guide you in the process and don't get scammed by anyone.

There is good evidence that the system is working, but be patient - it takes work and time. Whatever you do, don't walk away from the home! You will end up with no credit and a massive debt to repay when they find you!!

And the most recent evidence is that if you do a short sale and your debt balance (the money you owe on the mortgage less the price the property sells for at auction or in a short sale) is forgiven by the bank, the IRS will not tax you for the balance forgiven.

My best to you in this time of difficulty for us all. At least we will get you started in the right place.