On Scrapdawgs, people periodically post PSA's about something that happens in their lives that bear repeating.
My PSA is for those folks who are starting the slide towards not being able to make their mortgage payments. I am counseling more and more people who are in imminent danger of losing their homes to foreclosure.
Don't, I repeat don't ignore the mortgage company, call them, talk to them, try to get them to commit to a program to help you be current again. Then call a local agency like mine or call 1-888-995-HOPE. We will do our best to work with you, but if you haven't been in contact with your lender it is much harder. When this all started to heat up in my office, we thought it would be with our traditional clientele, the low to moderate income borrower. It cuts across all income levels. I hate telling people with $300,000.00 houses which are upper middle class in our community that their only option is selling their home before the sheriff sells it on the courthouse steps.
The blame for this spreads across everyone involved in these transactions. The fall out from it is going to hurt all of us.