'Reality Check' reveals homeowner concerns

Three-fourths of homeowners taking the National Foundation for Credit Counseling’s Mortgage Reality Check are reporting that a good night’s sleep is a thing of the past.

Worries over their financial situation, the possibility of losing their home or car, and the ability to continue to have access to credit have replaced counting sheep.

Among the findings:

• Eighty-five percent indicated they were concerned over being able to make mortgage payments once their loan resets.

• Almost 60 percent admitted skipping some bill payments to make others.

• There was no confidence shown in the ability to refinance their home, with almost 70 percent saying they did not feel this was a viable option.

The worst news of all is that 81 percent of those taking the quiz fell into the “red zone” indicating they were in immediate danger of foreclosure. Among Hispanic respondents, that figure jumped to 85 percent.