More people lose their home from a lack of knowledge rather than from a lack of money. This is the second in a series of four article for people that have fallen behind in their payments. Please read on and get the assistance that you need:

1. Try To Increase Income or Reduce Expenses On a Long-Term Basis. Remember unless your habits change, anything you do will be a short-term fix. You will have to make some long-term changes so that the situation can be fixed and improve. This will require that more money is coming in or that your lower your expenses.

To Increase your income you may want to look at getting a part-time job or starting your own business. If you choose to get a part-time job just make sure that you will be making more than it will cost you to have the job. Deduct gas, day care and any other expenses that you will incur from getting this job. Many people end up spending more in total cost on their part-time job than they make.

If you consider starting a business, try to start one that requires little or no income to get started. You may be asking how you can start your business with little or no money. There are a lot of ways. Start as an affiliate with one of the online companies. You don’t even need a website. All you need is an email account and you are in business.

To reduce your expenses, you will need to know where you money is going. Buy a pad and write down everything you spent money for a week. You can also use the envelope method. Just list all the categories that you will be spending money on in a month and place that amount in the envelope. Once the envelope is empty, you are out of money for the expenses.

This is important because unless you increase your income or reduce your expenses you will find yourself right back in the same situation. On your second time through the system, you may not have all the options available that you had the first time.

1. Try To Understand the Foreclosure Process. Make sure you do your research about what can really happen in your state. When you do need to seek advice you can ask intelligent questions. You will also have a better idea when someone is trying to lie, con or scam you.

This can be a very emotional time for you. It is easy to slip into denial. By researching the process in your area, you will be able to deal with more facts than emotion.

You can obtain this information online or by going to the library. There is a wealth of information just for the asking. Make sure that you take advantage of it