Eventually they're going to default and get foreclosed, but for maybe like five years, they'll cut your monthly payments down to what you would rent, so why not stay?

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Even though private companies spend less, on average, than individuals for rent payments, inevitably there are some businesses that still struggle with the monthly expenditure and look for ways to stretch payments out over time.

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Start by taking stock of your monthly expenses mortgage or rent, insurance, utilities, food, clothing, car payments and other bills to see exactly how much money you would need to get by for nine months to one year.

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According to Deutsche Bank, the ratio of rent to after-tax mortgage payments was 107.8% in the third quarter, implying rent is more expensive than a monthly home payment (for median homeowners).

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