May I Get a Loan Modification If I Am Facing Foreclosure?

Times are getting hard for homeowners that may find themselves behind in their mortgage payments. In many cases, the homeowners have run into hard times, maybe they are out of work, or unexpected bills can all put home owners on the brink of financial disaster. Foreclosure rates have gone up nine percent in 2009. With economic uncertainty still looming, it is likely that we will see these rates go up. So what are troubled homeowners supposed to do, especially if they are facing a foreclosure?