As seen on CNN Money, homeowners need to demand that their bank show proof of a promissory note, which many banks lose or destroy. Without this evidence your house could be saved from foreclosure.

Loan modification programs continue to invade the mortgage sector, because so many homeowners are turned down by their lender when seeking a refinance loan. In most cases the borrower does not have enough equity, but many homeowners are delinquent on their mortgage and their credit scores are too low for most refinance opportunities.