So you decide Foreclosures is the right thing for you, what now? I like to provide homeowners facing foreclosure some common sense ideas on the things that can or might help them during the foreclosure process.

So okay, you told yourself and family you're foreclosing and will stop making payment on your $2500 mortgage home. Well what can you do with that extra $2500 you'll have every month? For starters, Don't spent it, treat it like you're still making that $2500 payment, get another bank account and put that money there for savings and perhaps a downpayment towards a less expensive home in the future (bank would usually lend 3 years after you foreclosed or 2 years after bankruptcy $2500*6 months is $15,000 in savings or $30,000 in a year)

Most foreclosures that go to auction get postponed, usually due to bankruptcy, meaning if the property you're leaving in now is going to be auction off in court in a few weeks or days, finding a BK lawyer/Attorney and filling for BK 13 or 7 would help you stay at home for perhaps several more months maybe years.

Keep your spirit/Morale up, don't get yourself down, remember a house is just a house – Your family is more important than that house! So smile and look towards the future.

Lastly if you need to blame someone, blame your politicians, our government, they are the ones supposed to protect you from greedy banks, but instead they bailed out the rich and screwed the working class yet again.