Foreclosures have doubled year over year between this time in 2007 and same time in 2006. And I think a lot of the reason has to do with a combination of falling house prices and people who want relief from foreclosure but are not realistic about what they need to do. So this article will discuss a few things you can do if you are in foreclosure, facing possible foreclosure, or know someone who is in this situation.

As housing prices fall, more and more people want to get out from under their house. They never intended on living in that house forever. They may have been speculating that their house would go up in value and then they would sell. Or perhaps they must move to a different area for employment reasons and they find that they owe more than the house is worth.

The critical thing if you are in this position is to ask yourself, can you afford your monthly housing cost? When you calculate this cost, include your mortgage payments, and also property taxes which in some areas are really a killer. Plus include insurance and maintenance. This is known together as PITI+M, Principal Interest Taxes Insurance and Maintenance. It is a surprisingly high number and you may not realistically be able to afford to live in your house.

If your total housing PITI+M costs are over 40% of your takehome income, then you should be thinking about moving.

If you are in foreclosure or facing foreclosure, the best thing you can do is face up to the reality that you will have to move. Or if you can't afford your house, you should move. And by voluntarily either doing a deed in lieu of foreclosure, or doing a short sale, or selling outright, you can improve your credit situation by negotiating with your lender. If you are in a situation where you already have lates and your credit score declined from foreclosure One thing you can do is sell you home in 9 days when there are no buyers. This technique works in any market.

Another thing is to arrange a deed in lieu of foreclosure so your credit score doesn't drop but actually goes up.

And lastly there are secrets to mortgage short sale questions to avoid foreclosure.

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