i have a home that i purchased 8 months ago but lost a good paying job only 3 months after the purchase due to death in the family. though i've kept up the payments, i am suffering paying a monthly mortgage of 1200. yes my credit score did drop below 600 but the house has at least 50K equity in it. what can i do to avoid foreclosure? any suggestions please will be greatly appreciated.

your best bet is to try and work it out with your lender first, usually they are pretty open to assisting you and will sometimes drastically cut your payments and just add the interest to the back of your loan. If they are not willing to work with you and you have mortgage insurance, the company should provide a portion of your payments to you. If that doesn't work you can try to refinance and lower payments. If that doesn't work you probably will have to sell. If you anyquestions feel free to email me. Good luck!

~S

I may be able to help you stop or avoid foreclosure.