There are many financial consultant are arguing the benefit of doing what it takes to avoid foreclosures. Many homeowners are walking out of their homes simply because they're underwater. But it doesn't mean that most homeowners should let their homes go. After all, no matter how bad the situation is, your home is the place where you live. The government does not want homeowners to walk out either.

The Obama Administration has implemented a number of programs to assist homeowners who are at risk of foreclosure and otherwise struggling with their monthly mortgage payments. The majority of these programs are administered through the U.S. Treasury Department and HUD.

Distressed homeowners are encouraged to inquire about foreclosure prevention options that are available. If you are experiencing difficulty communicating with your mortgage lender or servicer about your need for mortgage relief, you can talk to many government agencies that can help such as the FHA's National Servicing Center or a HUD-approved housing counselor .

Source: http://portal.hud.gov/