The first step in evaluating a distressed homeowners financial situation is to determine whether they might be eligible for a mortgage modification under the Making Home Affordable program.  Way too few homeowners are availing themselves of this potentially ideal solution and way too many homeowners let their homes slip into foreclosure without even seeking an evaluation from of a qualified real estate agent.  Most agents will provide service free of charge and without any obligation.  See the attached flyer for more information.  Mortgage Mod Flyer