As the number of foreclosures continues to skyrocket, lenders are not being consistent with their responses.  While some lenders are willing to reduce payments, lower interest rates or work out a temporary payment plan, others are not willing to give relief in any way, what-so-ever!  There really needs to be some sort of set recovery plan. 

If you are facing foreclosure, don't give up! Keep in touch with your lender; with the inconsistencies facing the market, rules could change at any time. Some of the banks that were tough to deal with last year may be coming around this year. Gather all the information that you may need when speaking to a lender. 

Put together a file that includes your last couple of months of pay stubs, bank statements, tax returns for the last two years, a detailed budget of income and expenses over the last year and a hardship letter.

If the lender is unable to help you at this time; keep trying, you never know when the rules could change!