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The Entrepreneur's MindsetThursday, July 2, 2009. FORECLOSURE PREVENTION: MYTH OR MAXIM? 8220;Stop foreclosure, call 1-800-bla bla bla”. We see signs all over the place. Can they really stop foreclosure or not? As I write this article today July 2, 2009, the Washington Post reports that US employers have gotten rid of 467,000 jobs in June 2009, suggesting an increase over the 9.4% in May 2009 to the unemployment rate to 9.5%. New York’s Unemployment rate as at May 31, 2009 was 8.2%. 1) Pay off the arrears. 2) Sell the house.
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