Reply #3: This is telling..

[zabet]

"The two groups of homeowners hit the hardest now are investors and those who overextended themselves,"

Greed got the investors in their mess, those who overextended themselves were
either victims of predatory lending or trying to live beyond their means. (excepting
of course those people whose medical expenses have broken them)

"Often, people with lower incomes are better prepared to survive tough times and look for help,"

That is because they are used to getting by.


This was on my local news. If you are facing a mortgage crisis, before
you lose your home, check out www.995hope.org, the
site for home ownership preservation.

From their site...
"Worried About Foreclosure?
If you feel like you may be in danger of facing foreclosure, the time to call 888-995-HOPE is now - Homeowner's HOPE™, a counseling service provided by the Homeownership Preservation Foundation, can work with you to find a solution. The sooner you call, the sooner you can regain your peace of mind. Remember, you're not alone. Millions of people across the United States have trouble with their mortgage every year. Since 2002, our counselors have provided advice and education to more than 100,000 homeowners.

edit to add: This is a free service