The Feds just announced a plan to delay foreclosures to allow more time for distressed homeowners to work out solutions with their bank. Lenders will contact homeowners that are 90 or more days overdue and be given the opportunity to delay the foreclosure process for 30 days to work out a possible affordable solution.

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=6415739&ch=4226716&src=news Announcement

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=6406864&ch=4226720&src=news CNN Story

This is backed by the same six banks encompassing the Hope Now Alliance which service almost 50% of the nation's mortgages.

I sure hope this helps. I am seeing so many more foreclosures and short sales all the time!