If you are one of the over 100,000 American homeowners to receive a Notice of Default last month – well, at least you are not alone! The Notice of Default (NOD) is the official start to the foreclosure process. It probably was not a surprise to you, as it usually takes about 90 days of delinquency before it is issued. But, it’s always a shocker, and never a welcomed event. This foreclosure process that you are now in will protect you even while it humiliates you.

Don’t bother being emotional about it. It’s a waste of valuable time. Rather, view it as an opportunity to negotiate a workout that will really work for you and your family. To stem the rising tide of foreclosures, the federal government has pressured banks to modify hundreds of thousands of mortgages. Unfortunately, the banks are not cooperating, as we all know and the time and effort involved in getting a mod is onerous. And, many, if not most of trial modifications are not being made permanent. Still, you do not need to settle for anything less than a real fix. Get a mortgage modification arrangement that you can live with through the next few tough years and into the future as well.

Everyone who get an NOD asks:

What do I do next?! How can this get any more embarrassing? What are my options? What are others doing? Who can help me?

Good questions! And, understandable. But, also ask:

SHOULD I keep this house, with this mortgage? What are the tax implications of some of these workout options? How can I minimize the negatives on my credit report? Is there a way to be protected from recourse – being sued for any deficiency (shortfall) in my foreclosure workout? What are others doing to get through foreclosure better-off than before it?

You feel like your situation is unique, but there are tons of similarities to what millions of other are going through. So much so, that you will do well to hook-up with an active, knowledgeable and trustworthy lawyer or loan modification consultant to help you succeed. The advice that is suitable for the masses…is just too watered-down to do you any good beyond just “getting in line” with everyone else. You need the advice of someone who is succeeding at modifications every day.

Want to find out more about actually getting Mortgage Modification? Visit Rockwood’s site about DIY Loan Modification at Home Loan Modification