Drowning in Mortgage Debt?

Well I thought that it was a catchy title when I came across it over at StarNewsOnline.com. It covers some of the options that you can explore if you are in the hole...

The road to foreclosure can start with a late mortgage payment and end at the courthouse steps, where your house will be auctioned to the highest bidder.

But you don't have to go down that road, even if you have fallen seriously behind on your payments.

Your mortgage company can help in several ways, but the key to keeping your home and your credit rating is to act early, say lenders, counselors and attorneys.

The people to whom you owe thousands of dollars are in the lending business, not the property business. Especially in a housing market where prices are stagnant and homes are hard to sell, why would they want to be saddled with owning and keeping up your home?

Here is the full article...