Is your house still your home?
Homeowners have had a miserable couple of years, since the downturn in the economy pulled the rug out from under the equity in their homes. Home prices dropped precipitously in many areas, just as many home loans began resetting to higher interest rates.
The squeeze has meant defaults, short sales, foreclosures and sometimes bankruptcy for many Americans. If you are a homeowner in distress, or know someone who has been seriously affected by the slump in home prices, here is some important information: