My mother in law bought a house last year and now, she can not afford the mortgage what should we do?

she bought a 20 years old house with 5 bedroom 3 bath and... by the time she was living with her mother,doughter,and son. now she is alone living with no one but a cat!!! so the house is too big for her,mortgage,and utilitys,takeing a car of the house,and.... are high,she decided to sell the house but,in this... show more she bought a 20 years old house with 5 bedroom 3 bath and...
by the time she was living with her mother,doughter,and son.
now she is alone living with no one but a cat!!! so the house is too big for her,mortgage,and utilitys,takeing a car of the house,and.... are high,she decided to sell the house but,in this market and other things (like:rail road right behind the house,creek on the side,the age of the house,and some stuff that needs to be fixed,and....)no one is intersted in the house.so she has no way but forclosure,but how and what is gonna happen to her credit and future, we realy love to know before doing any thing stupid,if you need more info please feel free to ask me.
thanks.nick.
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