Home Mortgage and Refinancing

The current economic crisis and the fear of an impending recession has driven the normal real estate market, which worked on speculation and gambling to a virtual standstill. The credit that typically sustained it has dried up as savings associations have started to massively recall their loans and to rain foreclosures down upon those who have defaulted.

Dont we all love the home we live in? Our kids are in established schools, we have lots of memories in the house, we love our neighbors, and weve redecorated. The list goes on. But were facing financial difficulties – perhaps facing foreclosure? But moving would be very hard. It disrupts a familys life. Letting our neighbors know that we are facing financial difficulty would also be really hard.