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Gilroy
February 2, 2026

What to do when you can’t afford to keep a home

Q: I owe $500,000 on my house, which is only worth $375,000. Because our loan was an adjustable rate loan, the payments keep going up. We can't afford the house, and we were turned down for a loan modification. I have friends who are telling me to abandon the house, others who tell me wait out the foreclosure and some who have told me to short sell the house. What are my options, and what are the consequences?

Online surveys empower public with a voice

A vital component of effective community leadership is getting feedback from the people who are most impacted by the quality of that leadership. Leaders need to know if what they are doing is working and taking the community in the right direction. If it isn’t working, they need to know the reasons for that failure. They also need to be open to hearing ideas from the public that can improve their organizations.

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