Restructuring an existing home loan to avoid foreclosure is a sensible consideration for some homeowners, but not all. Unless the minimum requirements are met you may just be spinning your wheels.

Most borrowers pay little attention to the "fine print" on a credit application. Most shrug their shoulders, promise themselves they'll never get in trouble with their credit card, and sign away.

There's no imminent end to the foreclosure crisis gripping our country. Until lenders and homeowners get on the same page turning things around will be a long and difficult task.

Few people purposely wish to suffer through the pain and humiliation of losing a home through foreclosure. There are many alternatives to bankruptcy and stopping home foreclosure for owners unable to keep their mortgage payments current.

A newspaper in Lee County, Florida recently reported that the number of property foreclosures for the month of July 2007 had topped out at over 1000.

There are many misunderstandings concerning the issue of foreclosure. Unfortunately these misconceptions have lead many homeowners to take all the wrong actions in trying to stop the foreclosure process, which ultimately caused them to lose their homes.