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Do now unrealistically assume that your financial problems will magically correct themselves by you just doing nothing. Solve your own problems and do not expect others to solve your problems for you.

Talk to a HUD approved housing counselor; it is free at Tel 1-800-569-4287, instead of talking to a lawyer that wants you to pay him a big fee of maybe $6,000.

Learn how to budget your finances to prevent foreclosures.

Learn how to balance & reconcile your checking account and avoid writing bad checks.

Prioritize your debts (rank them in a list by importance) and put your home mortgage loan payments at the top of the list).

Stop entertainment expenditures, cable TV expenditures, cell phone expenditures, manicure expenditures, beauty shop expenditures, booze expenditures, beer expenditures, residence phone expenditures, & apply the savings towards your home mortgage loan payments.

Sell all your stocks and apply the sales proceeds towards paying your property taxes & fire insurance & mortgage loan payments.

Take any responsible action that will save you cash and apply the cash savings towards saving your home.

If you cannot or will not pay your property taxes & fire insurance & home mortgage loan payments, then do either sell your home, or ask lender for a short payoff (lender takes loss/discount on loan if home has no equity), or let your loan be assumed (taken over) by a buyer, or deed your home to lender (deed in lieu of foreclosure).

Do not sign anything that your do not understand and do read & understand everything you sign.

Understand that your missing or your defaulting on or missing payments, property taxes & fire insurance & mortgage loan payments do cause a foreclosure sale to happen.

Call & visit your lender at telephone number and address on the mortgage coupons and mortgage loan statements.

If you are going to be laid off in future, then start now, now, now looking for a new job. 74. If you miss loan payments and have a foreclosure, you have 2 derogatory remarks on your credit report.

If you miss loan payments and have a foreclosure & file bankruptcy, you have 3 derogatory remarks on your credit report, because usually or frequently the bankruptcy does not permanently stop a foreclosure buy only slows it down.

Always check with your lawyer before you sign legal documents.

You can get a 3rd job (part time) on weekends and that extra income can be applied on property taxes & fire insurance & mortgage loan payments.

Stop spending money on gambling & lottery tickets, because you are wasting your money, & apply the savings on your property taxes & fire insurance & home mortgage loan payments.

Be realistic & honest & do cut your losses & sell your home, if you cannot or will not pay the property taxes & fire insurance & home mortgage loan payments.

Remember it takes 3 to 8 months to sell your home at near fair market value, so allow yourself time to do that & do not wait until the last minute to decide to sell.

It is not a sin to just walk away free & clear of debt, abandon your property, stick the lender with a huge financial loss, and go on about your life, especially when you have a nonrecourse loan, like here in California, usually.

Remember, Equity 1-Loans does not report its loan or your loan defaults or your foreclosure on your loan you owe to Equity 1-Loans to any credit bureau. So this may help avoid lowering your credit score.

Remember, the only "real" thing that will stop a foreclosure is repayment of the debt and defaults and full reinstatement, everything else (especially including bankruptcy) is a costly to you delay, if you cannot or do not fully reinstate the loan.

If your monthly house payment (including loan payments & property tax & fire insurance) do not exceed 45% of your gross monthly household income, it should be possible for you to pay for your home. Otherwise, get rid of your home, by either voluntarily allowing a foreclosure to happen or by voluntarily selling your home.

Do not give away your home equity for free, sell it & keep the cash proceeds and move on with your life.

Preserve your good credit by giving lender a deed in lieu of foreclosure, if you cannot or will not pay all obligations related to keeping your home.

Get a loan to get you current, from friends or relatives, if you can pay the payments to them and your house related obligations.

Do not give any money to any phony counseling agency, but instead get free counseling from a HUD approved counseling agency at Tel 1-800-569-4287 or TDD 1-800-877-8339.

Go and get credit counseling, free, at Consumer Credit Counseling Service of Kern County at Tel 661-324-9628 at 5300 Lennox Ave, Suite #200, Bakersfield, CA 93309-1662, which is a HUD approved counseling agency. ESPANOL ES OK!

Shop for cheaper home fire insurance & auto insurance by getting a quote from 4 different insurance agents & apply the savings toward paying the property taxes & fire insurance payments & mortgage loan payments.

Treat your home as your most important possession and stop paying everything else, if possible, except obligations related to saving your home.

Work with your lender, communicate with your lender, because your lender will work with you & try to help you avoid a foreclosure. Equity 1-Loans does hablo Espanol and English.

HABLO ESPANOL & INGLES, entonces llamanos!! Try to communicate with your lenders.

If you are refinancing, do avoid, like the plague, all balloon payment loans, all variable interest rate loans & all prepayment penalty loans, because these features can/do frequently cause foreclosure and harm you.

If you are refinancing, do avoid all loans that force you to pay for credit insurance, credit life insurance, disability insurance, unemployment insurance, health insurance, because frequently these programs are costly scams and increase your costs a lot.

If you are refinancing, do not lie on a loan application, because that is frequently a federal & state crime & can cause you to go to jail or be sued by your lender and cause a foreclosure if you overstate your income or otherwise tell a lie.

Do not pay fees/money to credit repair services, because most are scams, and the best way for you to repair your credit report is by you yourself paying your own debts on time, in full. For free advice go to Federal Trade commission at www.ftc.gov/bcp/conline/pubs/creditrepair.shtm, and please read advice there.

Do not pay fees/money to any "foreclosure rescue scammers", because they want you to pay the scammer and the scammer will not pass on the payment to your lender. Get free advice at www.ftc.gov/bcp/edu/pubs/consumer/credit/cre42.shtm.

A bankruptcy ruins your credit report for 10 years; a foreclosure does not ruin your credit report for 10 years.

Consider giving your home away by allowing a foreclosure to occur, because usually in California, there is no lender chasing, suing, pursuing you for losses that your home loan default caused lender to suffer, because in CA most home loans are free of personal liability and are nonrecourse loans and lenders loss is not your loss.

None of the sentences above are meant to be giving legal advice, so go see a lawyer and pay the lawyer his big fee if you have a legal question. Read again the last sentence!!

Do not pay any "foreclosure prevention specialist" any money, because that "specialist" is usually a phony counselor charging you an outrageous fee in exchange for doing something you could do for yourself free (making a few phone calls, etc), and the "specialist" will never save your home and just takes your money, usually.

Do not believe the phony scam that you can "legally eliminate your mortgage", based on an accounting loop hole or that the lender funded your loan using borrowed money. That is a lie & does not work. To eliminate your debt/mortgage/loan, you must pay it off in full or file for Chapter 7 bankruptcy in which case you will not be liable for the promissory note but you will also lose the house. Bankruptcy does not get rid of a real estate loan or deed of trust.

Please do not think that your lender is always the bad guy, because you took the lender's cash and used it for your benefit and now you get mad/angry at the lender for the lender asking you to pay back the cash, with a little interest. Be a responsible adult in your financial affairs. Most lenders lose much more money in a foreclosure that the defaulting borrower loses in a foreclosure.

Do not blame the lender if you stopped paying your loan just because you over spend on frivolous things, or had excessive medical bills, or ended up in a messy divorce or just simply do not know how to budget and plan.

Lenders do lose money, lots of money, caused by the borrower who defaults on his loan and those losses are passed on to all other borrowers by increasing costs to other properly paying borrowers.

Your loan might be owned by a pension fund or a retirement plan of ordinary poor working people, so your loan default is hurting a person who depends on you to pay your mortgage loan. Your default hurts many other people!!

With government insured loans, the taxpayer picks up the tab for borrowers who do not pay their debt, live for free, & then, with the help of lawyers, file bankruptcy and tie up the property for a year or so, all at taxpayer expense and cost. Please do not victimize society by you doing that. Be a responsible adult, please!!

If your home has no or little equity in it, then do not begrudge an investor a little profit by claiming that an investor "stole" your home from you when you sell the house to an investor just before the foreclosure date and then the investor makes a small profit.

Do not get mad at someone who makes a profit from your problems, because there are thousands of businesses that make a profit from other people's problems, including: bankruptcy lawyers, cancer doctors, class action lawyers, divorce lawyers, funeral parlors, pawn shops, hospitals & doctors, auto repair shops, etc. Get free advice concerning above at www.legalwiz.com/nclc-dreams-foreclosed, written by Attorney Bronchick.