DEAR BOB: I am four months late on my mortgage payments because of a job loss. Now I am in the process of foreclosure. What are my options? I am back working again but do not have all the money yet to catch up on my monthly payments. Any advice? --Jawanna P. DEAR JAWANNA: Please don't bury your head in the sand, as many borrowers who are in mortgage default do. Instead, contact your mortgage lender immediately by phone. Purchase Bob Bruss reports online. Explain your situation very politely. Ask for a forbearance and a loan workout plan. That is presuming you can now afford to pay at least the regular monthly mortgage payment. Ask that your unpaid mortgage payments, probably totaling several thousand dollars, be added to your mortgage principal. The result will extend your mortgage by ...
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