Happy New Year!

2008 is here and 2007 is but a memory. Last year was a challenging year for many but the new year represents a blank slate, a fresh start. That's what so great about New Year's Resolutions... the optimist in us longs for change and growth.

If last year was a tough one for you financially, you may be concerned about losing your home. If this is the case, the best thing to do is contact your lender. The foreclosure process is expensive and not at all desireable for anyone involved, including the lender. They may want to see your current pay stubs, tax returns, and bank statements. This is to verify that you have income to make payments. If you have the income but are falling short, a loan modification may be offered to you.

I know this can be intimidating but the alternative is much worse. Keep the lines of communication open. The worst thing that can happen is that they will say no but I'm certain they will try to work with you.

One of my New Year's resolutions is to make better financial decisions. I hope you will do the same.

Happy New Year!

P.S. The pic above is from the peach drop at Underground Atlanta. Its like watching the ball drop in Times Square but we have a big peach instead!