How to Save Your Home from Foreclosure

Despite a booming economy and record low unemployment, some homeowners will suffer a financial setback and have trouble paying their mortgage. People fall behind on their mortgage payment for a variety of reasons, but the primary ones are loss of a job, divorce and unexpected major expenses, such as major medical bills. Often, people in these situations do not have any emergency savings or have reached the limit on their credit cards and or other ways to borrow money.