Talk to your mortgage holder NOW, and discuss future options, so you will know which way to jump. Sometimes they will let a month or two go, or you might be able to refinance where they do it for 'free' (no upfront money, they just tack it onto the mortgage).

Despite all the loan defaults, there ARE still people who are buying houses. Never let property go to foreclosure if you can possibly sell it. (This seems obvious to me, but has totally escaped people I know.)

Talk to your creditors NOW and tell them you might be running into some financial problems in the near future, and ask if they have any ideas.

NEVER ignore the people to whom you owe money. They hate being ignored and it makes them mean.

Of course, you could probably always get a job working for a collection agency. They're probably very busy these days.

Good luck! I hope things turn out better than you are anticipating.

Sue

Sue