• Sell your car.  Seriously, what's more important, the car you drive, or the roof over your head?  Sell your car and buy a bus pass.  Selling your call will also save you a lot on other things like trips to the bar or random visits to the grocery store.
• Cancel your cell phone.  Get one of those 'pay as you go' phones.  The monthly fee will be much less than the contract with your cell carrier.  If not, then tell people to stop calling you.
• Cancel your cable/satellite.  Some people spend up to $100 on their cable bill.  Ridiculous! Did you know that your local library has DVD titles?  A library card is free.
• Buy in bulk.  This one is a no brainer and you should already be doing this.  Groceries, not vodka.

• Refinance.  With rates in the low 4's, it could possibly save you a few hundred bucks a month on your mortgage payment.  Keep in mind that you will be paying closing costs when refinancing.
• Rent your house.  Why not move into a cheap apartment and rent your home to somebody able to make a monthly payment equal (or more) to your mortgage payment?  
• Forbearance.  You may be able to work out a deal whereby the lender allows you to 'catch up' on your mortgage payments.  Most banks don't want to have a foreclosed property on their hands and are willing to work out special terms for you to get back on track with mortgage payments.  Pick up the phone and call your lender.  Do it now. 
  
• Loss mitigation.  This is another solutions just short of a foreclosure where a third party assists with negotiating mortgage terms between the homeowner and the mortgage company. Like a forbearance, loss mitigation is intended to help the homeowner with making their payments and ultimately keep their home.  Often times this may mean that the loan is modified to accommodate the lender's ability to pay.
  

"Trabosh, a licensed real estate agent who hasn't practiced in years, knew
she would struggle to sell the home in the troubled real estate
market..."