Ark Law Group Blog
Short Sale, Loan Modification & Foreclosure Solutions
What to Do When You Can't Pay Your Mortgage | 9 Great Ideas
By Ark Law Group

What to Do When You Can't Pay Your MortgageThe global financial crisis has affected nearly everyone. Even though home prices have recovered to a degree in some parts of the country, they are still down nationally by 23% from their peak in 2006. This means that more than 12 million homeowners owe more on their mortgage than what their home is worth. If you can afford your mortgage payments, you can wait it out: keep paying and hope that your home’s value will rise enough that you can sell it.

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