A number of mortgage lenders in the US were not loyal to their word and this led to many homeowners losing their houses through foreclosure. Many homeowners in the US want to know if there is anything that can prevent foreclosure. Foreclosure rates are highest in New York, New Jersey, Florida and Pennsylvania and homeowners there may want to know if there is anything they can do anything to remedy the situation.
Is your financial situation too bad to enable you pay back your mortgage? Are you about to face or facing a foreclosure? Instead of getting depressed, look for ways to stop the foreclosure. If you already know the date of the sale, contact your bank or mortgage lender to see if you qualify for a loan modification. A loan modification can significantly reduce your payment and get rid of any debts you may have.
Since 2009, there has been a lot of bad press about Bank of America's loan modification problems, featuring a near-continuous stream of frustrated homeowners who are mired in delays and lost paperwork. Many homeowners jumped through hoops and waited years for loan modification decisions, only to find out that they were not eligible for modification. Some still await their outcome while trapped in the cycle of lost paperwork, misapplied or misplaced payments, and a shuffle of 
