Our home is in foreclosure and we are in the process of doing a loan modification with the lender. This is our second attempt to regain our home with a loan modification. The first offers for modification by the lender happen just three days before having my second stroke. Having no insurance we had to refuse the first offer and now we are re-applying for the modification all over again. We now have all the bills for the hospital, ER, and ambulance, which exceed 35k. Knowing we will probably only be able to pay back around 20% of the bills and added to our monthly expenses, we feel that owing our home again is only a dream. The first modification offer was $86.00 dollars more then our original mortgage, which was almost un-doable for us. Now with the added monthly expenses of the medical bills, we feel that it would probably be wise of us to bite the bullet and turn over the keys to the bank. If we chose to do so can the lender attach any debt to our wages, bank accounts or our other home property, which we own free and clear? Bankruptcy is not an option because we have already gone down that road and discharge last year.

In today's market, it is unlikely they will attach other assets, but it certainly is possible.

I am curious about something, by the way. If your home is in foreclosure, then who is buying a mobile home?