Is there a free government-sponsored financial counseling for families in distress?
Unfortunately. There is no such thing as a free lunch or lightning in a bottle. Even if these programs did exist, inflation caused by the health care deficit will drive this percentage still higher. Drawing money from a retirement account will cost you both a penalty and interest. You could run this at a realtor as a possible short sale, but another “alt a” offering is not likely to light up the market. Your credit will take a beating, so don’t throw good money after bad. Hold on to future mortgage payments and work as many side jobs as possible while preparing for the foreclosure and eviction date. As difficult as this may be, it is much better than fighting a mortgage battle you cannot possibly win. Good Luck.
