The downturn in the US economy is having a far-reaching and diverse effect. No clearer is this felt than by the US Pension Benefit Guaranty Corporation (PBGC). PBGC is a government-based agency that is responsible for insuring private-sector pension plans and for processing benefits if plans should happen to fail. As of its fiscal year end (August), PBGC lost an alarming $3 billion in investments.

With so many financial obligations that must be met by the average person, it is not surprising that many fail to meet one or more of these obligations.  If you fail to pay your mortgage payment, there can be serious consequences not the least of which is potentially losing your house.  What are some reasons?