The new Economic Recovery Act includes $50 Million reserved for "Foreclosure Mitigation". Details as to how this will be handled are not yet available. Several large banks have announced a moratorium on foreclosures while the details are developed.
If you are facing possible foreclosure this could be enormously important.

We can't work miracles but we may be able to help you find a way to keep your home, or at least help you contain the damage that foreclosure will do to your credit and future home ownership possibilities.

In the meantime there are some things you should know about how you can improve the odds of finding a solution short of the loss of your home.

• Don't indulge in thinking of yourself as a Victim! It is entirely possible that others, perhaps even some you have never met, played a significant role in your current unfortunate financial condition. But the problem with the victim mind-set is that it doesn't change the reality of where you are and what you may need to do in order to make things different.
  
• Don't avoid your lender. Of course it isn't pleasant to have them calling you pressuring you about when you are going to make a payment or threatening you with all sorts of dire consequences. But you already know what the worst thing that can happen is -- the loss of your home. So, what you want to do now is to seek to find a way to convince your lender to be as generous and sensitive to your situation as they can be within the limits of the rules by which they are required to operate.
  
• Be proactive, not re-active. Don't wait for your lender to call you about your past due payment -- call and tell them you're going to be late. Don't wait for them to call and harrass you for not sending the full amount due -- call and tell them that you are very sorry but you don't have the money to make a full-payment but you are doing the best you can do. If that is only $100 and your payment is $900 then at least you have made a payment of some amount every month. If you have lost your job and you are drawing on your savings or retirement funds to make the mortgage payments, tell them, in writing, that you are doing this but unless you find another job soon, you will not be able to continue making full payments.
  
• Don't wait until it is too late to explore alternatives other than foreclosure. Remember that EVERYONE loses in a foreclosure. Mortgage companies report that the average cost to them for processing a single foreclosure is at least $50,000, and sometimes more. Be creative and propose creative solutions that may be attractive to the mortgage company, as well as to you.
  
• Don't suffer in silence! Ask for help as soon as you know you have a problem.