Scottie--I would also encourage you to contact a Certified Residential Specialist in your area and ask them to provide you information. They are REALTORS that have the advanced education and sales experience. They will also know of some reputable mortgage providers that can provide options to you. There is the opportunity for some homeowners to secure FHA loans as an alternative method of financing. Often times in this area, owners will just vacate without researching available options. There is sometimes equity in the home so that the owner could have sold the house to keep from a foreclosure and retained a better credit score. Check out your options early in the process with knowledgeable professionals. There are two websites that provide lists of CRS designees in your desired area: http://www.CRS.com or http://www.IndianaCRS.com. I'm in the business and those are the avenues that I would take to learn of the options that might be available. Good luck!

Hi Scottie--It sounds as though you purchased a home in Sept. 2007 and are concerned about possible foreclosure currently. If this is the case, it would probably be best for you to consult with a couple of professionals that are specialists in residential real estate. There is a website that is available that provides some information to assist those that may be experiencing financial difficulties to assist in alternatives. It seems that it is best to research as early as possible. http://www.877gethope.org/