What is good for the goose is not necessarily good for you. Honking and aggressive behavior may not illicit the desired result in a home foreclosure, or anything else. However, you do have choices in home foreclosure.
There is no single solution to deal with home foreclosure. It depends on your circumstances—how much equity is in your home, if you are unemployed, if you are retired, if you are raising children or a caregiver for a family member, or if you have a medical hardship.
Some of the foreclosure resolutions include:
- Short Sale
- Mortgage Modification
- Reverse Mortgage
- Hardest Hit Fund
- (And sometimes) Bankruptcy
Just because everybody is flying south does not mean you have to join the flock. Seek competent financial guidance, such as a HUD-certified counselor or an attorney, to help you determine the choice with the best benefit for you.