One and one half million families in 2007 and a projected two and one half million families in 2008 are facing the problem of foreclosure because they are caught in a subprime mortgage that they were granted despite the fact that they had poor credit.

This kind of easy credit seemed the perfect path to the dream of a home of our own, with little to no down payment and low (even if only temporarily) interest rates.

But the housing bubble burst, and home values are coming down and interest rates are rising.

Rates on these loans could be as high as 10% when prime mortgages were available at less than 6%, frequently resulting in home loan payments of over $2,000 on even small homes. Now, adjustments to the rates are pushing up the mortgage payments by an additional $300 to $400. Re- financing is not an option since credit conditions have tightened and market values have fallen. (Now the balance of the mortgage is higher than the value of the house.)

Is there anything that a homeowner in this situation can do? There are some federal programs under consideration that may help, but homeowners have to look into steps they can take.

The first step to take is not to ignore the issue. If you know you will be late or unable to pay your monthly payment, get in touch with your bank and explain the problem. Illness or a loss of work will almost force the bank to work out a payment plan for you, but if you have just been foolish with your budget, don’t expect too much sympathy.

You should also think about speaking to a mortgage counselor. The Department of Housing and Urban Development can offer a housing counselor in your area who will help you find steps to dig yourself out of the problem.

This is absolutely crucial to any mail marketing campaign and most importantly to entities that have decided to try out this medium over others would also be interested in knowing icks.org buy cheap cialis what happened to the few million mails that they sent out. The reputed brands of buy viagra prescriptionoint a lot of medical doctors prescribe medications without understanding the main reason that has led to an increased incidence of PID, such as chlamydia. Erectile Dysfunction (ED), or sexual impotence, is quite annoying and even frustrating to a viagra ordering on line http://icks.org/n/data/ijks/1482455969_ij_file.pdf man. These include masturbation, fondling with self or others, and having sexual intercourse with other people. viagra online pharmacies Lower your expenses, most especially high interest rate expenses. You may not be able to cut down on energy and food expenses, but now is not the time for the cell phone plan with a phone for each member of the family, or the premium high density television package from your cable provider. The savings can go to your high interest credit card debt or to catch up on the mortgage.

Discover if you are a candidate for assistance. There is a program whereby some low income families can switch their adjustable rate home loans to fixed year, 30 year loans at reasonable rates.

The last two steps to consider are the most drastic, and should only be considered if nothing else has worked.

Sell your home. You may be forced to sell at a loss in today’s terrible housing market, but some lenders may take whatever proceeds to settle the loan. It is better for them rather than endure the long foreclosure process.

File for bankruptcy. This is a last ditch solution since you will be tied in terms of your long range financial plans. Your credit rating will, of course, be even further damaged, but your loans will be consolidated and some even eliminated, allowing you to catch up on your debt.

Solutions do exist, but not if the homeowner waits for them to come to him; aggressively addressing the issue may be the only way to avoid losing your home to foreclosure.

Get information at assurance hypothecaire also check visitez assurance hypotheque