People need to remember that a foreclosure is not the end of the world. There are many opportunities to rebuild credit, and unfortunately right now is a volatile time for the market and many people are feeling the pinch. If you can not afford your mortgage, be honest with your lender and see if they are willing to work with you. If not, you may want to walk,instead of paying smaller payments that are not ultimately going to allow you to stay in the house for any longer. There are many options - short sale, adjustments - but sitting around and being depressed is not helping anyone.
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