You qualify if you are experiencing any one of the following:

• Inability to refinance due to high Loan To Value (LTV) or loss of equity

• Inability to refinance due to lack of positive credit or late mortgage payments

• Rate currently adjusting or going to adjust

• Do you have a "Pick-A-Pay" or Minimum Payment Loan

• Financial hardship (job loss, pay reduction, medical bills, divorce, etc)

• Facing Foreclosure

The recent downturn in real estate market and the following credit crunch put tremendous burden on both homeowners and lending institutions. According to the Mortgage Banker's Association, more than two million Americans missed at least one home mortgage payment last year. A report by the Joint Economic Committee of Congress, estimates that the average cost of a foreclosure, to the homeowner, lender, local government, and neighbors (whose homes decline in value), is $78,000. And officials at HSBC North America say their average loss on sale at foreclosure is 20 percent to 25 percent of the loan’s value (The Buffalo News).

Many banks and other lenders are more than willing to work with you. They don't want foreclosure any more than you do.