The reality is that a personal home is the largest asset that many of us will ever own. But during the course of our lives there come times when our home can become unaffordable.
Over the 30 plus years that you carry a mortgage on your home, you can experience a variety of life conditions including job loss, unexpected illness, divorce and death. Unfortunately for many, this can lead them to delinquencies on their mortgage, leaving them to face bankruptcy, or worse, foreclosure.
The thought of losing your home and facing the foreclosure process can be downright frightening, as there is so much misinformation out there that adds a level of uncertainty to the entire process.