Are you in trouble? Is your bank about to foreclose on you? You're not alone. There are a lot of people who share your same fears and concern. But there is something you can do.

The first thing you need to do is to arm yourself with some good information. If you are in the United States you can contact a mortgage counsellor at the Federal Department of Housing and Urban Development (HUD). You can find the nearest counsellor by calling (800) 569-4287. You can search for a counsellor online by clicking here. HUD counsellors are trained to give you timely information on buying a home, renting, default, foreclosure, credit issues or reverse mortgages. HUD sponsors certain housing counseling agencies throughout the country who in turn give advice free or at low cost.

Never assume that your situation is hopeless. A skilled counsellor may be able to give you some tips that will make a big difference.