Web Extra: Last Ditch Effort to Avoid Foreclosure

Monday, 22 Sep 2008 | 9:02 PM ET
OTM Web Extra
CNBC's Carmen Wong Ulrich helps viewers manage their personal finances in this On the Money web extra.

Q: I have a negative amortizing loan and I can’t make the payments. I’m worried I’m going to have to foreclose. Do I have any last resort options? The big companies that let this happen get bailed out but what about the little guy?

Watch the video for the answer.

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