[ash r]

away,will the bank come after me for my loan balance? also my house value has dropped almost 40%,

[hwood]

With Obama's Hope Now housing stimulus, you may actually still be able to qualify for a loan modification and prevent the foreclosure from going through. You might want to try giving HelpMeStopForeclosure.com a call. When I got the notice of default, I didn't know what to do, but after searching around, I heard about HelpMeStopForeclosure.com. They are really good loan mod company. They are very understanding and helpful and was able to negotiate a loan modification with Countrywide, my lender. They helped me save my home and I pay almost $1000 less a month now. Their website is HelpMeStopForeclosure.com and their number is 1-877-968-5337. The consultation is free, so you should talk to them and see if they can help you out. Good luck!