Many homeowners already shell-shocked by the state of their financial affairs bury their heads in a hole until it's too late. There are plenty of ways to fight back and save your home and your good credit. Don't just stop with a call to the bank; add a Real Estate agent's name to the list.
Your first call should be to the mortgage lender. Banks understand the economic downfall has placed many homeowners in a corner, unable to make their payments. Loan modifications, Repayment plans and Reinstatements are all options to help you remain in your home; but many times a loan modification or even mortgage forbearance will not work for you; this is when you give a call to a Realtor and seek ther options.
While selling your home may not be your first choice it's surely better than a foreclosure and bad credit scores. A real estate agent can help you negotiate with your mortgage lender and perhaps work out a short sale.
The deal breaker here will be how long you waited to seek out help but any call for help is better than none at all. more at http://ralphandtricia.com