Monday, June 11, 2007

Facing foreclosure? 9 options

Facing foreclosure? 9 options - MSN Money: "Check your options, get help, be realistic -- and most of all, don't dawdle.

By Liz Pulliam Weston

Real estate markets are slowing. Interest rates are ticking up. And the phones are ringing at ByDesign, a Los Angeles-based credit counselor, as homeowners start to panic about not being able to make their mortgage payments.

'The number of people asking for appointments to talk about foreclosure is definitely up,' said Susan Ulaga, the nonprofit service's senior vice president of counseling. Rising rates 'are really putting a crunch' on homeowners with adjustable-rate loans." San Diego downtown condominiums