The problem of foreclosures and preforclosures is worse than I realized! I have heard a LOT about it on the news and I've read a lot about it in my Real Estate Forums, but until I did a home search the other day--I didn't realize just how serious the problem is in the Jacksonville area! If you're facing the possibility of being foreclosed on, please don't stick your head in the sand! What should you do if you can't pay your loan? 1. Call your lender immediately. The sooner you contact your lender (look for the toll-free number on your monthly statement), the more options will be available to you. Ask for the loan mitigation department. 2. Talk with a reputable credit counseling agency. You can call the Homeownership Preservation Foundation (toll-free 888-995-HOPE) or find a local HUD-approved counseling agency (toll-free 800-569-4287 on weekdays) or go to www.hud.gov . 3. Know your loan modification options. Depending on how quickly you call your lender, the followi...