Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Facing foreclosure! What are my options? - My husband and I bought our first house May 2008..About 6 months later I lost my job and started having medical issues. We got behind but caught back up with tax return. Then our child started having medical issues and was hospitalized. With all the medical bills we started falling behind again. We have been trying to get a loan modification for almost a year but it has been quite the battle. We do not make enough for the obama program! Which is BS! Now here we are 6 payments behind and the foreclosure process started. With the help of a pro we finally got approved for a loan mod so the foreclosure was put on hold then today we finally found out the amount of our loan mod payment and it's only $60 less. We needed it to be about $300 less. I am wondering about just doing a shortsell? The loan mod guy told us. We could put it on the market for a short sell and stay here for free while it's on the market and that would stop the foreclosure. He said he dosen't think it will shortsell but while it's up for it. He could keep trying on the loan mod. Does anyone know much about this? Is a shortsell better then foreclosure? Will we still end up paying money to the morgagae company? Will we ever be able to buy a house again? and lastly Could a bankruptcy help in anyway? -