A Familiar Story…
John and Susan were ecstatic about the news. After a year of stress and harassing phone calls related to their delinquent home loan debt, they thought their worries were finally over.

John had lost his job the year before and the couple couldn’t make ends meet on Susan’s salary alone. This caused John and Susan to fall behind on their home loan payments and they received a notice of default from their lender. John and Susan had stretched to buy their dream home three years ago when it seemed like values would never go anywhere but up and lenders were willing to loan them whatever it took to make the purchase work. Now, with their loan payments adjusting upward, and their home value plunging downward to the point where their home was worth far less than what they owed, their dream home had turned into a nightmare.