If facing foreclosure

There is a lot of really bad advice out there about what to do if you face foreclosure. This includes things like giving the key to the bank and walking away, hoping you get to keep your credit cards. If you were talked into a house you couldn't afford and a mortgage you couldn't afford and the shit is hitting the fan, don't snivel, don't beg forgiveness. A vicious heartless form of the free market, unregulated by the Right has hit you between the eyes.

Fight back.

I lost my house in 1991 after a startup effort failed. Everything the bank and finance people are telling you is a lie. You won't get to keep the car. You won't get to keep the furniture. They will take your last dime.

What to do? Fight back. If you make less than the median income, bankruptcy is your best option. Chapter 7 bankruptcy will remove all debt, except student loans and taxes. Over the median is more complicated.

Stop paying the mortgage. Now. No partials, no nothing. Stop.

Stop paying the credit card bills, even minimum. Use the cards to buy a 6-12 month supply of food. Store it in your free house. Use the cards for everything.

Cash your paycheck. Don't deposit it. Cash it. Save as much cash as you can. Stockpile it somewhere safe like a safe deposit box.

It took 9 months from my last mortgage payment for them to physically get us out of the house. Hoard cash.

When you get your bankruptcy docket number, use it on pesky creditor calls. The companies are forbidden from ever contacting you again once they hear that number.

Hopefully, you can afford the down payment on a modest apartment, and begin a life lived with cash.

You have been hoodwinked by government and industry that sucked you into this trap. A couple of the techniques here are technically illegal, but very justifiable as a form of civil disobedience.