1. stop mortgage payment for 90 days, credit is only worth keeping when you want to borrow more money, otherwise, it only get you into more debt.
2. let the bank contact you, find out who actually owns your note. if uncle sam (meaning Freddi Mac/ Franni Mei), you are in luck.
3. file for loan modification, whether you get it or not, you can buy more time.
4. go out and find a job yourself.
5. continue to work with the bank on the loan mod, trust me, bank does not want your house back, they want your money, you can refile the loan mod if you get rejected...
6. if your situation gets better, just have the bank reinstate the loan, they can roll your interest into principle, and wave all the late fees, but you may have to pay for some attorney's fee for reinstatement.
7. good luck...
