Are we going to lose our home?

Just when I thought we might start seeing a decline in the number of homeowners who are facing foreclosure the next wave came crashing in.  The new wave is a combination of more homeowners who have experienced a financial setback such as a lost job or reduced income combined with continuing declines in home values.  A married couple with two incomes making their payments all of a sudden are struggling to when one of them loses their job have lost their option to sell their house, pay down credit card debt and move to more affordable housing because their home is worth less than they owe.  Check out my weekly column, Sacramento Short Sales, over at Rocklin & Roseville Today for some of the reasons these homeowners and others should consider a short sale as an alternative to foreclosure.