I received a call today from a very good friend that said "I need help, Dan can you help me get out of this loan?"

The situation is he thought he had a 5 year fixed then adjust..it began adjusting after 2 years. He thought he had a heloc 2nd it is a hard money second. He thought it would adjust a little... it adjusted four (4) points and that is out of reach. Now this friend of mine needs help and feels completely betrayed by somebody we both know.

I want to help him and have begun working with him to hopefully save his house through dealing with the lender because of hardship. He is behind and part is due to a severe hardship he recently encountered...a heart attack followed by heart surgery! I am in touch with people who hopefully will help him save his house and get him to a position to get his payment back where he can afford it.

I am afraid this story is going to become very normal in the near future and we as professionals need to have answers for those that will be asking the question "how can you help me save my house?" what is your plan? How will you answer this question? What can you do to help? any and all comments are welcome!