Are there any foolproof ways of keeping your house out of foreclosure once you've lost a job and missed....
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Keeping lines of communication open is good. Also, try to make any payment you possibly can. At this point, you may have to bite the bullet and get ANY job just to pay the bills. You can still search for a permanent job but it would be crazy to lose a house you almost have paid off if you can go down the street and get a job at fast food, a retail store, etc. Heck, deliver pizzas! If you can possibly do so, get a roommate. Do whatever it takes to bring in some money (legally) and keep the lender aware of all your efforts. Once you get 4 mths behind, they can start the foreclosure process. If your credit is okay, and since you have some equity in your home, you may be able to take out a home equity line of credit - but I'm not a big fan of treating your home as a bank, esp when the problem is that you have no money to pay the mortgage as it is.it's like robbing from Peter to pay Paul. Because you're going to have to then pay back on the HELOC as well. So this would be a last resort.
No, probably not...
You could try to get a second mortgage...
Keep in contact with the financial institution that holds your mortgage. That will earn you points and may possibly keep your house. You need to exhaust all resources to get a job but they a lot of times will let you miss payments if you ask them. But keep communications open with them that's your best bet.
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