Many homeowners are reducing their living expenses and applying those savings to their monthly mortgage payments. Others are seeking a mortgage loan modification, which can be a lifeline for any homeowner faced with foreclosure.
"It's critical that homeowners understand exactly what they can afford because a loan modification that is ultimately unaffordable hurts everyone," says Michelle Jones, Senior Vice President of Counseling for Consumer Credit Counseling Service (CCCS) of Greater Atlanta. "We help consumers create a lean, sustainable budget that will support the family's housing costs."
Here are some simple steps that many homeowners have taken to help qualify for a loan modification:
A newly single Florida homeowner had endured a financial hardship for nearly half a decade, and by the time he was able to begin picking up the pieces, he was 5 years and over $156,000 behind on his mortgage payments to 
If you weren't sure how to answer any of these questions, then you should take half a minute to download the New York foreclosure timeline, especially if you're at risk for foreclosure or if you're already involved in the 
