How does Mortgage Foreclosure Mitigation help prevent Foreclosure from other options like loam moidifcation that are available?

You are correct, the government has been attempting to pass legislation to stop the tide of foreclosures. Under the Homeowner Affordability and Stability Plan, the government provides mortgage lenders with financial incentives to modify mortgages for homeowners whose mortgage payments are larger than 31% of their gross income. You may wish to speak with you lender and see if they are willing to work with you to modify your loan if you meet these qualifications. You can also look into refinancing your mortgage through Fannie Mae, Freddie Mac, as the government has provided additional funds to these companies to allow them to purchase mortgage loans. The best method of mortgage foreclosure mitigation for you will typically involve renegotiating your ARM in some manner in order to get into a fixed rate mortgage with a lower interest rate. If you have questions about how to do this or what your mortgage foreclosure mitigation options are, you may wish to speak with a qualified attorney.