Do you know your Options if your facing foreclosure? / Making Home Affordable ProgramThere are programs available to help home owners reduce their principal and interest if they are underwater. Depending on the scenario, and lender a loan mod should be considered.If the loan was originated between Jan 1 2003 and 12 31, 2007 lenders are required to contact the home owner before persuing the foreclosure process. This is why Gov Brown has stopped Bank of America from their Foreclosure process. Apparently they had employees signing off on affidavidts saying they had tried to contact home owners to offer modifications when they had not. If you are facing a financial hardship and a potential foreclosure you should contact your lender and ask for the Making Home Affordable Program. If your First Loan Balance is Below $729,950 and your loan was originated before 1/1/09 you may qualify for a loan modification.October 09 2010 - Pleasanton00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.