But Tuesday, the Bush administration announced that help is just around the corner for those who are behind in their mortgage payments. They call it "Project Lifeline."
Here's the plan for Project Lifeline: Six of the largest lenders who handle about half of all mortgages have agreed to work with homeowners who are 90 days or more overdue on their monthly mortgage payments.
Those homeowners will be given the opportunity to freeze the foreclosure process for 30 days while they work out an affordable repayment plan with their lender.
This is only for your primary residence and not investment property or a vacation home.
Treasury Secretary Henry Paulson says it's not a bailout.
No one is sure how many homeowners will be helped by Project Lifeline, but economists are forecasting that the number of foreclosures could soar to one million this year.
In the next few days lenders will begin sending out letters to homeowners who might qualify for the new program.
And by the way, Wednesday the president is expected to sign the economic stimulus package, which includes a change in the conforming loan rates to more than $700,000 in some areas.
For more information on Project Lifeline you can call a toll-free hotline at 1-888-995-HOPE (4673).
