The real estate market is still suffering and even though there is cause for hope, it still looks like we are years away from a recovered market.
That is bad news for people who overpaid for their house or have lost their jobs in the past few years.
If you are struggling to pay your mortgage bill every month it can ware you down and put a lot of stress in your life.
There is some good news finally though, President Obama is offering aid that will help certain people fight off foreclosure.
This new program assists those who are struggling to make their monthly payments, but still finding a way to do so.
It has received a lot of criticism of late because it does not help those who are falling behind and paying late, but that his because those people are already able to get aid with their lender.
It is the people who are still paying on time that are in a way penalized because their lenders do not seem them as a foreclosure threat.
That means they are unable to get their loan adjusted and they have to continue to struggle financially.
The new policy allows them to adjust their loan either with lower interest rates or lengthening the term of the deal so that the monthly payments will go down significantly.
With payments down by hundreds of dollars each month, the hope and goal of President Obama's foreclosure program is that people will not only be able to pay their mortgage on time easier, but they can use the extra savings to get out of any other type of debt.
Some people are worried because this policy will lower your credit score which can have a huge impact on our daily lives but that can be fixed with credit repair.
Credit repair can fix your numbers for you in a matter of weeks and at a cheap price.