Foreclosure, any options?

The big "F" word, foreclosure. This word is becoming a part of many consumer's realities. But for many homeowners, they just don't understand what it really means. And most are generally unaware that they have options.

Check this out:

Foreclosure and Default Data, Alameda County:
January 2007-August 2007

Alameda: 16 foreclosures, 57 defaults
Albany: 6 foreclosures, 17 defaults
Berkeley: 33 foreclosures, 104 defaults
Castro Valley: 42 foreclosures, 129 defaults
Dublin: 34 foreclosures, 154 defaults
Emeryville: 44 foreclosures, 106 defaults
Fremont: 122 foreclosures, 455 defaults
Hayward: 199 foreclosures, 718 defaults
Livermore: 74 foreclosures, 281 defaults
Newark: 36 foreclosures, 179 defaults
Oakland: 466 foreclosures, 1529 defaults- *yikes!*
Piedmont: 10 foreclosures, 51 defaults
Pleasanton:18 foreclosures, 92 defaults
San Leandro:82 foreclosures, 340 defaults
San Lorenzo: 41 foreclosures, 119 defaults

(source: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/10/14/REALAMEDA.DTL)

Is the "F" word in your future? Well you aren't alone. Even Michael Jackson's Neverland Ranch is facing foreclosure.

If you are unable to pay your loan, put aside any fear or embarrassment you may have because there are options.

Here is a link to a recent article from InmanNews.com. I think it was well-written and is easy for the consumer to understand. Contained within the article are some options for those who are facing foreclosure.
http://www.inman.com/hstory.aspx?ID=66083