1. Call your lender.
2. Ask about loan modification.
3. Get a roommate or family member to move in and help with the payments/rent.
4. You may want to get a weekend job or evening job if you need more money.
4. If you don't pay anything else...pay the mortgage.
5. You may want to consider selling the house ASAP.
6. You may want to refinance.
7. Do you have other assets you could sell or do anything to lower expenses.
8. Maybe you could sell a boat, jetski, timeshare, downsize cars, cancel cable, turn off AC, drink less Starbucks....anything you can think of to save cash. Cut back on gas, car, clothing, eating out, etc.
You may want to sit down with a banker or trusted financial advisor or even a family member and discuss options. Let them objectively look at your finances and make suggestions....on how to cut expenses or increase income.

Good luck.

The first thing you need to do is call your mortgage company and start communicating with them. Explain your hardship and see if they will work with you to do a modification. That means they may lower your interest rate and put everything you are behind back into the morgage.

The second option is to sell your house as a short sale. Feel free to call me and I can explain further.

Naima
214-289-8555
Naima@Sumner-Realty.com