In today's economy, many homeowners are finding that their financial situations have changed, and this often results in the inability to make high monthly mortgage payments. This is especially true for borrowers who financed a large loan at higher interest rates when the economy was stronger and the housing boom was present. For these borrowers, foreclosure or short sale might seem like the only options. For those hoping to remain in their homes, however, there is another option that can help. … [Read more...]