I haven’t paid my mortgage in over a year and just received a foreclosure notice. What can I do?

Q: I haven’t paid my mortgage in over a year and they just put a foreclosure letter on my door! I have tried to talk to the mortgage company and they will not help me…they told me to just do what I am doing. What can I do to resolve this?

A: A foreclosure is a legal proceeding, so you should certainly consult an attorney to ensure that your rights are protected. You may also want to consider trying a short sale, which for some people is a good alternative to a full foreclosure proceeding. If you would like further information on short selling, you might want to do some further reading on the subject here.